Elliott Wave Analysis of the EUR/USD Currency Pair by Sid from ElliottWavePredictions.com

Elliott Wave Analysis of the EUR/USD Currency Pair by Sid from ElliottWavePredictions.com. Click on the chart twice to enlarge.

Here’s my end-of-the-week “take” on the Euro. Next week is important, and there are three things I’ll be on the lookout for as confirmations of a major trend change: 1) a clear 5th wave down, with MACD divergence on 180-260 minute charts during wave 5; 2) a break of the (blue) trend line connecting the extremes of blue waves 2 (Jan 10) and 4 (July 12); and ultimately: 3) a break of 1.4055.

Sid
http://elliottwavepre.wpengine.com

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