Short term Elliottwave structure suggests wave ((X)) bounce ended at 87.06. From this level, pair turned lower in a double three structure where wave (w) ended at 84.67, wave (x) FLAT ended at 86.2, and pair has resumed lower in wave (y). Bounces now are expected to stay below 86.2, but more importantly below 87.06, for continuation lower towards 83.25 – 83.82. We don’t like buying the proposed bounce.
At EWF we offer 24 hour coverage of 50 instruments from Monday – Friday using Elliott Wave Theory as primary tools of analysis. We provide Elliott Wave chart in 4 different time frames, up to 4 times a day update in 1 hour chart, two live sessions by our expert analysts, 24 hour chat room moderated by our expert analysts, market overview, and much more! With our expert team at your side to provide you with all the timely and accurate analysis, you will never be left in the dark and you can concentrate more on the actual trading and making profits. Check out our 14 day Free Trial to sample everything EWF has to offer!Back