vivaico Elliott wave Forecast

vivaico

Newbie
3 0
Forecast for eur/usd 26022015

160 pip move so far today with eur/usd. This is looking strong and it is in line with my view of this final decline. This is already below the support line of the long corrective move and should be minuette wave 3 of minute wave 5. I have not labeled this in the chart yet but very strong downward move from eur/usd.

This is likely going to bottom around 1.105 before reversing this long bear trend

upside moves should limit below resistance line of the minute wave double zigzag correction around 1.1275

EURUSDH426022015.png
 

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