Elliott Wave analysis is a powerful tool in your hands if you know how to use it. You cannot be blind to what is happening around you. Until last Wednesday, when the Euro was still at 1.2850 levels, I was looking for it to go lower still, perhaps even reach the L/T objective of 1.15-1.17. However, the dramatic rescue package that was announced over the weekend has effetively put a floor under the Euro, and we have to conclude that the low at 1.2520 is a significant low for our purposes. Thus, the medium term outlook for the EUR/USD (using Elliott Wave Analysis) is being revised as presented in the attached analysis. You will surely see others mimicking these comments, but as long time friends of Ramki, you got to see it first. Enjoy.
4 Comments
hi ramki
eurusd is sold down to the mid-point of the rally from last week. not getting the lift i was hoping for. does your view still stands for the rally to 135?
thanks
HELLO RAMKI….
IAM REALLY HAPPY TO TALK TO U AND WOULD LIKE TO THANK YOU FOR ALL YOUR HELP AND EXPERTISE…..I THINK YOU ARE GREAT….
I WOULD LIKE TO ASK YOU A QUESTION REGARDING THE EURUSD
… I WOULD LIKE TO ASK YOU IF ITS WOULD BE POSSIBLE FOR THE EURUSD TO DROP DOWN TO 1 EUR FOR THE DOLLARS OR EVEN LOWER…..
IAM ASKING YOU THIS QUESTION BECAUSE I CREATED A TOOL WHO GIVE ME A GREAT ACCURACY ON THE MARKET AND ITS SEEMS THAT THE EURUSD HAVENT FINISH TO DROP….
I WOULD LIKE YOUR OPINION ON THAT BECAUSE I SEE IN THE MEDUIM TREND UPDATE FOR THE EURUSD THE BOTTOM OF THE PAIR WOULD BE AROUND 1.17, TO 1,15
IAM WAITING FOR YOUR REPLY AND THANK YOU VERY MUCH….
Hello Abdou
Thank you for your comments. Regarding the eoro
anything is possible. But technically there are some supports around 1.1500 area. We shall see!
Hello,
Yours is one of most comprehensive elliott wave analysis that I have come across.Thank you for sharing this with us. I am wondering whether you can break the wave in shorter time frame say 4hrs one hour chart that can provide more details indicating the exact price you expect the bull to take over. thanks again.