EURUSD Eyes New Lows

Ville Vainio

EURUSD has declined and closed below the critical level of 1.1213. This gives a stronger signal to the preferred wave count which proposes that the recent decline is the start of final larger wave down. The last wave of this massive decline should take EURUSD below the recent long term low of 1.046 and conclude the whole decline from 1.40 that started over a year ago.

EURUSD 4 Hour Chart

EURUSD 4 Hour Chart

EURUSD Daily Chart

EURUSD Daily Chart

Click Here For An Explanation of Ville’s Elliott Wave Labelling

Source: vivaico.com

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