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EURUSD Elliot Waves Analysis For 9 Dec 2015

09 December 2015, EUR/USD

EURUSD Elliot Waves Analysis For 9 Dec 2015
Wave analysis:
EUR/USD is currently trading with a bullish bias. Wave (b) traded short as previously forecasted and ended at 1.07892, we expect the current upward movement to be the unfolding of wave (c) which should target 1.10730. We are waiting for a close above 1.09382, to give us the green light to continue long with our target at 1.10730. This pair should be traded along side other pairs such as EUR/GBP, EUR/HKD, EUR/JPY, EUR/CAD, EUR/AUD, and CHF/HKD.

Trade Recommendation:

Wait for a close above 1.09382, then buy with target above 1.10730

Graham Osano
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