EURUSD Forecast | Elliot Wave forecast for 8 February, 2017
I was expecting a leading diagonal pattern in EURUSD yesterday. But the price made a low below 1.0685 and then I updated my EURUSD Forecast. I stick to my updated chart. According to recent Price action, wave (iv) is either completed or it is in b of iv. Short term and medium term EURUSD Forecast remains bearish. Short term resistance lies at the levels of 1.0666 and 1.0690. Short term support lies at the levels of 1.0626. 1st wave might get completed near this support and we may see a pull back towards resistance levels.
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Disclaimer
Investment in financial instruments carries a high level of risk, and may not be suitable for all investors. You can even lose all of your investment. So do not invest money that you cannot afford to lose. Content presented is for education and information purpose. We will not be liable for any kind of your loss. By using the content of this website, you take the full responsibility for the loss and damages which may occur directly or indirectly from the use of information found on this website. All kinds of content on this website is only meant for educational purposes and not to be viewed as providing any kind of financial advice or trade recommendations. The author's sentiments may change during the course of market volatility. Therefore, reanalyze your trades carefully according to your risk appetite prior to entering the market. Past performance is not indicative of future results.
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