Medium Term Outlook for EUR/USD Euro

What is the most likely path the EUR/USD will take over the next few weeks? What does Elliott Wave analysis of Euro suggest at this time? I think we will find decent supports just above 1.4140 level and spend several days correcting the sell off. If indeed the moves...

Elliott Wave Analysis of EUR/USD

Elliott Wave analysis is always a work-in-progress. We could determine a possible target at one point in time, and once that is reached, a new higher target might become necessary depending on fresh information. It is important to understand that determining a target...

EUR/USD update

In my March 6th update on the Euro ( at which time the EUR/USD was trading at 1.3982) I had suggested that we will likley see a test of 1.4374. The high so far has been 1.4350. We might still get a final push higher, but from now on I will not be so bullish on the...

EUR/USD Medium Term Outlook

It is time to take a fresh look at the medium term outlook for the EUR/USD (Euro). My last update was exactly a month back (in February), but that gave a short-term outlook for the Euro (using the hourly chart) and the January update was looking at an even still...

Forex Trading Using Elliott Wave Analysis

Trading the Forex markets (Foreign exchange or FX markets) requires a willingness and ability to take risks. It is a different skill to being able analyse the markets from the comfort of not risking money. Yet, blessed is the person who can combine his trading skills...

EUR/USD outlook

After coming down twice to around 1.3400, the EURO recovered its poise and is looking strong again. So we discard our previous analysis ( that effort having served us well during the down move from 1.3538 to 1.3395) and go back to the charts again. Remember that...