New Website-: elliottwavemaster.com
-
EUR/USD Forecast – Volatility Rises Yet Next Direction Still Not Clear
video EUR/USD has been trading relatively sideways for the past week. The larger pattern occurring in the pair is a bearish rising wedge within a rising parallel trend channel. A breakdown of the wedge occurred on December 16. However, price went sideways following the breakdown thereby putting the bearish potential of the wedge at risk of failure. A failure would be a continuation higher before a deeper correction appears. chart Let’s next take a closer view of recent price action with a 4-hour chart. It shows a developing broadening formation or expanding triangle evolving over the past week. Volatility is ... (full story)