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Elliott Wave Analysis: EURUSD Can Be Trading At The End Of An Uptrend, Let’s See What Happens

Elliott Wave Financial Service
By Elliott Wave Financial Service

EURUSD touched a new high yesterday ahead of FOMC press conference but then it turned sharply lower from 1.1300 area that we highlighted it as an important resistance a few times in our past updates. An updated count shows an ending diagonal on 4h chart placed in wave C; a powerful reversal pattern that can cause a strong drop for this month, ideally in impulsive fashion.

EURUSD, 4H

Elliott Wave Financial Service
Elliott Wave Financial Servicehttp://www.ew-forecast.com/
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