In our previous analysis, we were EURUSD bearish, and although we are trading about 2 cents higher now than when that analysis was published, we are still convinced that these high hills are shortable.
The pair, in our opinion, has finished a complete 5-wave Elliott formation earlier this week, and we prefer the short, with 2 targets that seem particularly...
There is a decent probability that the 5-wave move up from January low has topped in April. From there, we can see an A and a B forming, with the B seemingly topping exactly in the area we want to see it top in (between F 61.8% & M 71.4%), and from there, a drop has reached more than 120 pips so far.
We do not expect this current drop to stop before reaching at...
