The Instrument is showing a 5 swing structure in the Monthly chart ,we are not using The Elliottwave Theory for the forecast but the sequence in which the Market moves.EURUSD is entering an area which has bounced 3 times ,the drop from 2008 peak ,bounced after 3 waves, failed and now doing 7 ,so the pair Yearly and Monthly trend remain bullish and this is inverse to the USDX ,we are not saying to buy the EURUSD at this level. This is only to understand the real trend of the market and that this is a WXY from 2008 and a nice chance for a lasting long trend .
