15 Apr 2015
EUR/USD could revisit lows – EW-Forecast
FXStreet (Barcelona) - Gregor Horvat of EW-Forecast, explains that EUR/USD might have formed a top at 1.0708 and is now expected to move downwards.
Key Quotes
“On EURUSD intraday chart we are looking at bearish wave structure, meaning that weakness is expected as rally from the low can be counted in three legs. Ideally we have seen a top at 1.0708 so acceleration down can be in the cards, which means that EURUSD could revisit the lows.”
Key Quotes
“On EURUSD intraday chart we are looking at bearish wave structure, meaning that weakness is expected as rally from the low can be counted in three legs. Ideally we have seen a top at 1.0708 so acceleration down can be in the cards, which means that EURUSD could revisit the lows.”