Expect lower prices toward 0.8474 to complete wave ( a ) before we get a corrective pull back and lower again. We don’t like buying the pair into proposed wave ( b ) pullback.

6.12.2013 $EURUSD  The pair can trade as high as 1.3485 area in the diagonal to complete (B).There is a possibility the top is in. [jwplayer mediaid=”91248″]eurusd 612

A cycle from 1.4819 has ended which means wave X low is most likely in place. Expect support between 1.4385 – 1.4409 to hold for continuation higher toward 1.4630 – 1.4670 region initially.

After forming wave (( x )) @ 0.8550 peak pair made new lows followed by a very deep recovery which almost invalidated the wave count but managed to hold below 0.8550 peak and we now expect it to continue lower toward 0.8425 – 0.8440 to complete cycles from 0.8550 and 0.8599 peaks before we get […]

Pair has completed a cycle from 1.4814 with dip to 1.4400 and a recovery toward 1.4650 – 1.4700 region is now expected. 1st leg of the correction is nearing completion which should result in a pullback in the pair. As pair finds support in the region of 1.4450 – 1.4480, expect another leg higher as […]

Pair made new lows as expected bouncing just shy of our equal legs target. Wave “W” appears to have completed and a recovery in the pair is now expected with initial focus on 1.4570 where we believe pair complete wave ( b ) triangle. Expect price to stay above 1.4400 now for this view to […]