Learn Elliott Wave Principle
The euro surged higher with stocks this morning, failing to complete a clear impulsive decline. Yet the british pound has completed an impulsive decline vs the USD. So it's possible the pound has topped and reversed while the euro needs to make one more small high before topping. I'm short the euro right now but the british pound looks good getting short if we get a big bounce from this 5 wave decline soon. Either way, I'm looking to get long the USD (short the GBP or EUR) when opportunity arises.
PLEASE NOTE: THIS IS JUST AN ANALYSIS BLOG AND IN NO WAY GUARANTEES OR IMPLIES ANY PROFIT OR GAIN. THE DATA HERE IS MERELY AN EXPRESSED OPINION. TRADE AT YOUR OWN RISK.