Elliott Wave Analysis: EUR/USD, USD/CAD
Gregor Horvat | Nov 24, 2017 11:02AM ET
Good day traders!
EUR/USD is breaking higher, now in extended wave five of iii), with a potential top coming in at Fibonacci ratio of 100.0. If upside is found, then a new minor pullback into the following wave iv) may unfold.
USD/CAD can be trading at the beginning of a new impulsive drop. We can see a three-wave rally that unfolded and found an ideal resistance near the Fibonacci ratio of 50.0. If that is the case, then more weakness will follow and breach below the 1.2671 level.
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
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