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Euro / U.S. Dollar
Short

EURUSD Watch price action during ECB Press conference

By Wave-Trader
Updated
Hi fellows, we are still bearish on EURUSD for longer term. We are having sideways market. The way last wave is rising does not look like so aggressive which mean we may see strong bearish evidence at any time on current price. For that watch price action on this pair during ECB press conference. During that it can push up slightly but i believe it will remain bearish for longer term. In case we see strong bearish evidence during ECB press conference then will look for strong impulse for short. If you are looking to short every time when price hit the top then thats not a good technique. You should watch price behavior every time when price hit the top and then you should look for sell. We are still having short term bullish trend on lower time frame so be careful. It looks like that price is forming Trend reversal pattern on lower time frame which has not completed yet but soon will complete and once completed we mat see strong rejection. If i will see the strong bearish evidence on lower time frame i will update the chart.
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DXY,
USDCHF Watch bottom for price action for reversal
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USDCHF
USDCHF Watch bottom for price action for reversal
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DXY
DXY Watch bottom for price action for reversal
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Watch TCP snapshot
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Here we got the TCP ( trend continuation pattern formation ) one more up move is possible fellows or watch strong breakout. snapshot
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we are having same formation on DXY but this is bullish fellows. snapshot
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snapshot
snapshot
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Watch another breakout snapshot
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snapshot
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Watch for continuation snapshot
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we are having bigger TCP. As long as price will stay under the Impulse we are short. In case price break up the top. Then we will look for another Impulse before any sell. Here is the update. snapshot
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Watch breakout of the bottom during USA retails sales news event snapshot
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Elliott Wave
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