Elliott Wave Analysis 19/10/2015



The EUR/USD decline has completely erased its rally from March.  Assuming wave ((c)) meets the even the minimum proportionality to ((a)), we should see the pair continue to decline and move significantly below parity.




Cable is trading at its lowest levels since June and the decline looks set to continue with a third-of-third wave movement.  The completion of wave ((3)) should see cable trading beneath the 1.35 figure last traded in 2009.


Risk Warning: Transactions in Contracts for Difference and Foreign Currency are leveraged products that can result in losses that exceed your initial deposit. These products may not be suitable for everyone. Please seek advice if you do not fully understand the risks.

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply