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Elliott Wave Analysis: EURUSD Searching For A Turning Point

Elliott Wave Financial Service
By Elliott Wave Financial Service

EURUSD is moving higher despite better than expected NFP figures, but we see pair in wave c) of a complex corrective movement, so resistance may not be far away. I am looking at 1.0670 area where price may give us indication of a bearish turn. A drop next week would be expected back to 1.0500 then.

EURUSD, 1H

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