Get a full perspective of USD based on Elliott Wave theory by a pro trader.
Currency: EUR/USD Trend Expected Direction: Down
Strategy: Weekly Ichimoku Kinko and Hourly Elliott Waves and Fibonacci Trading
ABC wave in progress as shown. Wave position after it broke 1.3420 level is at end of iii.
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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.