Elliott Wave Analysis of the EUR/USD Currency Pair by Sid from ElliottWavePredictions.com. Click on the chart twice to enlarge. My long standing expectation for a pink ABC zigzag to complete wave 5 blue of an ending contracting diagonal in the Euro is still right on track, as is the inverse in the US Dollar Index. […]
EUR/USD – February 5, 2011 – weekly candles. Here’s my preferred “big picture” count on the Euro: Leading Diagonal . .
This is my preferred longer term count for the Euro: a bearish leading diagonal for Primary (burgandy) wave 1. Each wave of the diagonal appears to be a zigzas, so, inside intermediate (black) wave 5 down, I believe we’ve seen Minor (blue) waves A and B complete. All thats left is five Minute (pink) waves down for Minor wave C (blue), eventually reaching the […]