The most recent EUR/USD Elliott Wave update suggested that a clear bearish structure is developing in the currency pair from August 18 highs at 1.1366, but that a downside break is lacking. From a traditional technical analysis view, the pair is considered to be in a range, while the Elliott Wave count indicates that the pair is nesting for a larger move to the downside. A nest essentially occurs when the broader structure is seen subdividing into small structures, with deep retracements, giving the look of a range. The last update published on September 22 indicated that the pair was retracing losses from a prior ... (full story)