tag:blogger.com,1999:blog-4878316162397365683.post2543062623736509403..comments2023-11-06T06:01:49.605-05:00Comments on Principle Analysis: an Elliott Wave Blog for Forex Signals, Futures Signals and Stock Signals: S&P Futures AnalysisUnknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-4878316162397365683.post-19205532783483053942016-12-21T16:31:49.443-05:002016-12-21T16:31:49.443-05:00I agree. I see the eur/usd getting into the mid-9...I agree. I see the eur/usd getting into the mid-90's before any possibility of a meaningful correction. Do you have a chart you can share of the weekly flag?Toddhttps://www.blogger.com/profile/13808483934573587351noreply@blogger.comtag:blogger.com,1999:blog-4878316162397365683.post-28759094086118514232016-12-20T13:00:25.805-05:002016-12-20T13:00:25.805-05:00By 2017, I expect EURUSD to fall deeper.
The Europ...By 2017, I expect EURUSD to fall deeper.<br />The European currency suffered a legendary blow against the American dollar in 2014.It fell from 1.3967 to 1.2000. That is about 2000 pips fall.It struggled to recover in 2015 and 2016 without making it above 1.1713. That means the recovery was limited below the fibo 38.2% of the 2014 fall.<br />Looking carefully at the weekly chart, we can see that the pair has recorded another little spike below the 3-year low. If you see what I see now, we do have a bearish flag on the weekly chart above.As such,this shows that there is greater tendency that the pair will make another major low in 2017.Technically speaking, many traders will add to their existing short positions next year until the trend reverses.<br /><br />Bosun<br /><a href="www.fxglory.com" rel="nofollow">FxGlory</a> remains my best broker since 2014.Oyewole Olatunbosunhttps://www.blogger.com/profile/11242223605592103436noreply@blogger.com