Euro has completed the 5th wave up and closed the flat scenario with a high of $1.1497 against the dollar. Down 1.30% since the top, can we see a 5-wave leg printed to the downside, or will we see a correction and an expanded flat variation? With primary four now completed, the path is bearish.
Yen strengthened against the greenback, sending the pair down to 115 round support, which is 1.15% below its recent top at 116.36. Despite falling, price action remains somewhat mixed here, with a flat, a triangle, or another complex variation in the cards. Which correction will prevail in the end?
The S&P index is the worst, down more than 4% since its swing high at 4593. The structure looks corrective but can also be an impulse to the downside. Below 4430, things remain fragile.
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Daily Elliott Wave Forecast: EURUSD, USDJPY, SPX500 (14.02.22)
Euro has completed the 5th wave up and closed the flat scenario with a high of $1.1497 against the dollar. Down 1.30% since the top, can we see a 5-wave leg printed to the downside, or will we see a correction and an expanded flat variation? With primary four now completed, the path is bearish.
Yen strengthened against the greenback, sending the pair down to 115 round support, which is 1.15% below its recent top at 116.36. Despite falling, price action remains somewhat mixed here, with a flat, a triangle, or another complex variation in the cards. Which correction will prevail in the end?
The S&P index is the worst, down more than 4% since its swing high at 4593. The structure looks corrective but can also be an impulse to the downside. Below 4430, things remain fragile.
Trade with an award-winning broker! Lowest spreads on the market for Forex, Precious Metals, Energies. No re-quotes, no rejection of orders & instant withdrawals.
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