Elliott Wave technical analysis with trading signals for NZDUSD, AUDUSD, USDJPY, DXY, EURUSD
EURUSD
Has pulled back in the fourth wave higher as the third wave downside finishes. As long as the pair is below 1.0500, look for the lower extension in the fifth wave close to parity 1.0000 after this pullback and rejection from 1.03500. Below 1.01000 should accelerate lower. We are seeing a pullback retest now. A break below 1.0000 will led to the finalization of the five waves down targeting the 0.88-0.9900 zone after this retest pullback rejection.
USDJPY
The pair has completely invalidated the downside count by breaking above 118…
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