EUR/USD Elliott Wave Pattern Looks to Higher Levels - Forex Vs Stock

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Wednesday, December 20, 2017

EUR/USD Elliott Wave Pattern Looks to Higher Levels

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Talking Points:
The high potential pattern is the fast dangersal
Demand Zug Zoga for Optional wave 3 to break more than 1.1961
While we fast fast, EUR / USD is above 1.1718
The EUR / USD is bouncing more than the 2017 trend line. At the beginning of this week at the inauguration Bell Webinar of the United States, we discussed the possibility of an extraordinary sample and keep the blue trend line above to keep EUR / USD as per pattern .
EUR / USD struggles to trade? it can be.
If this is an extraordinary pattern, we think that the EUR / USD drainage increases in the third wave. If correct, the pattern demands EUR / USD to break up to 1.1961 above, as far as 12 December is 1.1718.
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We know from our Elliott Wave Dengue lesson that every five waves of a Dragon Crew are as a joke. Therefore, we expect this third wave to form the sharp zig zig. One of the rules of the Eve is that the third wave is to develop on the first wave. Therefore, we offer more than 1.1961 bridges.
Blue trend lines can be initial warning signals that some other patterns may be in the game. Although the pattern is more than 1.1718, the trend line (near 1.17) continues to be an ongoing move.
EURUSD Sentiment Favors Bulls
The EURUSD passion picture is painted with brain in mind. Traders have submitted their short positions, with currently 2.1 read-live live traders. This feeling is emotional indication because it is a sharp signal.
Bottom surface, low-term patterns and emotional analysis point at high levels. The risk of trade can be set near 1.1718.
EURUSD Diagonal Pattern
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