Disclaimer: Forex trading involves high risks, with the potential for substantial losses and is not suitable for all persons. The views expressed in this blogsite are those of the author(s) and do not necessarily reflect the official policy, position, or opinions of Global Forex Trading.

Excerpt from:  Forex Technical Indicators
.
October 20, 2008

Elliott Wave Breakout for EUR/USD

Rangebound markets in currency trading on the FX market
Elliott Wave and EUR/USD
Right now, we're seeing some rangebound markets in currency trading on the FX market. However, an Elliott Wave breakout has been identified for EUR/USD at 1.3450. Action Forex has this chart illustrating the key for possible wave B pullback area to Fibonacci 61.8%.


Topic Tags:  ccurrency trading, currency trading FX market, Elliott Wave, EUR/USD, Fibonacci, FX market, rangebound markets

Syndication OptionsRSS (Rich Site Summary) Feed Atom Feed OPML (Outline Processor Language) Feed MYST-ML (MyST Markup Language) Content Feed MS-Office Smart Tag Subscription