EURUSD Daily Elliott Wave Count

We wanted to start with the daily chart for EURUSD because it shows a clear impulse wave to the downside from this summer’s high. It also shows a “throw under” in wave (v) to the downside into a “panic type” low. Prices have now returned to the underside of that broken channel line, and a push above 1.1534 would reverse over leveraged bears, spark a return as high as the “Resistance Zone” and set up the next phase of the decline.


Very good study, lets see if the following waves are completed and if we see a further correction.