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EURUSD Bulls Could Extend Up to 1.3900 – Elliott Wave Analysis

By (www.ew-forecast.com) · October 28, 2013 · Comments Off on EURUSD Bulls Could Extend Up to 1.3900 – Elliott Wave Analysis
EURUSD · elliott, Elliott Wave, Elliott Wave Analysis, Euro, EURUSD, EURUSD Elliott Wave, EURUSD Elliott Wave Analysis, Forex, FX

EURUSD is bullish for the last few weeks with accelerating price action from 1.3470 so we suspect it represents a black wave 3 in progress that may extend even up to 1.3900 with five subwaves. Right now price could be slowing down in wave (iv), but only temporary as we will look for a push up in wave (v) in this week. Support for current pull-back comes in around 1.3760.

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