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EURUSD Elliot Waves Analysis For 8 Dec 2015

EURUSD Elliot Waves Analysis For 8 Dec 2015 | 08 December 2015

08 December 2015, EUR/USD

EURUSD Elliot Waves Analysis For 8 Dec 2015
Wave Analysis:
EUR/USD is currently trading with a bullish bias. Wave (b) traded short and ended up closing along 1.078, we expect the current upward movement to be the unfolding of wave (c) towards 1.1071, therefore we will remain long with targets at 1.1071, and 1.1134. This pair is strongly positively correlated to EUR/GBP, but is strongly negatively correlated to USD/JPY, therefore, only buy or sell if EUR/GBP is giving the same signal, and USD/JPY is giving an exact opposite signal.

Trade Recommendations:

Remain with targets at 1.1071, and 1.1134

Bob Stan
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