*Forecast has been invalidated*
EURUSD is at the moment in a bearish trend making lower lows and lower highs on the daily chart. But there are three bullish patterns that could stop this trend and possibly reverse EURUSD to move higher. All three bullish patterns trigger BUYS in the 1.0660 – 1.0560 zone. We have yet to see if EURUSD can get to these levels but if the pair does it will surely be met by bulls for a larger 3 wave bounce at least. If all three bullish patterns invalidate EURUSD will possibly continue lower and make newer lows below the March 13/2015 low. As long as December 3/2015 1.0521 low holds EURUSD can bounce higher.
*** Always use proper risk/money management according to your account size ***
At Elliottwave-Forecast we cover 52 instruments (Forex, Commodities, Indices) in 4 different timeframes and we offer 3 Live Session Webinars everyday. We do Daily Technical Videos, Elliott Wave Trade Setup Videos and we have a 24 Chat Room. Our clients are always in the loop for the next market move.
Try Elliottwave-Forecast for 14 days FREE !!! Just click here –> 14 day FREE trialBack