Elliott wave VIDEO Analysis: USD Index, EURUSD and BUND

Intermediate

Good day traders!

EURUSD hit a new high, into 1.23-1.24 area where we said that pair may see a top and complete wave three at Fibonacci levels. So far, we have seen a nice turn lower so we would not be surprised if wave four of a higher degree is coming. Ideally there will be a pullback to 1.2090 support where new bounce may occur.

Gregor Horvat

Elliot Wave Technical Analyst

Gregor Horvat is based in Slovenia and has been in the Forex market since 2003. He has been working for Capital Forex Group and TheLFB.com.

He is the owner of www.ew-forecast.com, which prov...continued

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