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Looking technically at EUR/USD weekly chart with Ichimoku Averages, we again notice the Bearish overview of the Euro/Dollar pair from the Bearish Engulfing Candle shape touching the 26 day average within the cloud which indicates that the trend is still within a corrective stage.
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Get a free Forex signal for EUR/USD based upon Elliott Wave principles.
If we take a technical look at the weekly EUR/USD chart using Ichimoku averages, we still notice a negative bias expecting a drop in the trend due to several reasons. Get the full picture - and our weekly signal here.
A drop of a motive wave with a bounce of flat correction. We are here at motive wave C after wave A and B folded.
Read a weekly prediction for EUR/USD based on Ichimoku Kinko principles and chart patterns, detailed and explained by a Forex expert.
A correction of yesterday's EUR/USD signal, which should help you hone in on the upcoming potential for profit.
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EUR-USD Signal based upon Elliott Wave principles. See what our expert trader expects of the market, and how you can profit.
Tenkan sen (Blue Average) is above Kijun sen (Red Average)
with a strong Kumo (Wide Cloud) which signal a good upside momentum.
Tenkan sen (Blue Average) has crossed Kijun sen (Red Average) down-up above wider Kumo which signal a strong bullish sign.
GBP/USD pair Final wave C in a larger ZigZag