Dec 19 2013
EURUSD reached previous highs yesterday at 1.3810 from where we have seen a sharp reversal to the downside so we can assume that five wave rally in wave C is complete. However, current decline can still be wave four of a higher degree, so before we completely turn bearish on EUR we need 1.3576 overlap to invalidate an impulsive bullish wave structure.
EURUSD 4h Elliott Wave Analysis
