Euro has printed a new low at $1.11 yesterday but has since soared 1% in what seems to be a reversal against the dollar. However, judging by its formation, another leg down is expected to complete the 5th wave missing from its structure.
UK’s FTSE has staged a significant drop, down 5% since yesterday alone after completing the second wave correction. Following an ending diagonal, losses could increase for the index, but a short-term relief can also be expected.
NaturalGas plunged some 8% down after missing $5 as traders quickly captured profits. Its structure offers several short-term variations but looks more biased to the upside in the medium-term.
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Daily Elliott Waves: EURUSD, FTSE, NATGAS (25.02.22)
Euro has printed a new low at $1.11 yesterday but has since soared 1% in what seems to be a reversal against the dollar. However, judging by its formation, another leg down is expected to complete the 5th wave missing from its structure.
UK’s FTSE has staged a significant drop, down 5% since yesterday alone after completing the second wave correction. Following an ending diagonal, losses could increase for the index, but a short-term relief can also be expected.
NaturalGas plunged some 8% down after missing $5 as traders quickly captured profits. Its structure offers several short-term variations but looks more biased to the upside in the medium-term.
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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