Sat, Nov 16, 2024 @ 19:18 GMT
Facebook Mail RSS Twitter
HomeContributorsTechnical AnalysisEUR/USD Elliott Wave Analysis Eyes to 1.1700 Level

EUR/USD Elliott Wave Analysis Eyes to 1.1700 Level

Elliott Wave Financial Service
By Elliott Wave Financial Service

As per Elliott Wave analysis, EURUSD is coming down after Friday’s NFP report, now seems like it’s breaking down into wave 5 targeting that April levels are near 1.1700.

Ideally, the pair will still be looking for some buyers down there when the market may turn up after completed a higher degree (A)-(B)-(C) drop since the start of the year.

EUR/USD 4h Elliott Wave analysis chart

Elliott Wave Financial Service
Elliott Wave Financial Servicehttp://www.ew-forecast.com/
Trading forex, futures or futures options carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could lose some or all of your initial investment; therefore you should not invest money that you cannot afford to lose. Our website and the information provided here should not be relied upon as a substitute for extensive independent research before making your investment decisions.

Featured Analysis

Load more

Learn Forex Trading

ActionForex.com was set up back in 2004 with the aim to provide insightful analysis to forex traders, serving the trading community for over a decade. Empowering the individual traders was, is, and will always be our motto going forward.

Contact us: contact@actionforex.com

© ActionForex.com © 2024 All rights reserved.