Neutral to bearish EUR/USD
Updated
Elliot wave analysis with trend channels. No major news tomorrow. Increased yields and decreased gold, spotprices, may set up a bull DXY.
Comment
We're below the bearish trend line.Comment
It's trending slightly above the blue dotten line and have not yet finished wave 2. So we have upside potential today. The 13:th. Bur further downside can not be ruled out, since below 1.7 have not been reached. Longterm we're still bearish.Comment
My predictions about direction:- price decrease from 8 to 9 july. See W to X
- price increase from 9 to 13 july, with two dips. See WXYZ.
- price fall from 13 to 14 july was correct. See z to wave 3.
- fake breakout at 20 to 21 july.
The price ranges were a bit off. Instead of making a decisive move, we had a tight range around the dotted blue line.
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