EUR/USD: Price Trading In A Correction
Gregor Horvat | Oct 13, 2015 04:12AM ET
EUR/USD is trading higher at the moment after the price broke above the trendline connected from 1.1714 swing high. Usually when this happens it suggests two things; first that trend is changing or second, that move from the low is going complex. In our case we believe it's a complex correction from 1.1080 which still can be a three wave move, currently with wave C) headed higher to re-test 1.1460 from where price may turn lower this week.
EUR/USD, 4h
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