Elliott waves for Forex correlation analysis

Wave Analysis The Euro retraced to thew lower side but could not go beyond the end of the inner corrective wave (iv). The just witnessed retrecement is a flat correction, and should not go beyond the support level $1.1055. This pair remains under bullish pressure following the breakout above $1.105

Wave Analysis Eventually, the cable has broken above the short term resistance zone 1.2394-1.2438. This pair will likely trade with a bullish bias as long as it remain above $1.2438. Although we expect consolidations around this zone before continuing long, any clear developments below this zone ma

Wave Analysis Yesterday, the corrective wave (4) traded long as previously forecasted and is still pretty much bullish on the daily chart. Although we expect further rally to the upper side, the anticipated should only go up to $103.42 from where we'll be looking for potential low sell risk opportu