Elliott Wave and Fibonacci Predictions

EUR/USD

Traders, this market is really boring for the whole week now... so what to say about that... thanks for the weekend!!! You now, I just can't imagine my day without looking on EUR/USD charts, it's a really tricky ... .However, I am very happy for the next week to come, simply there is not enough room for EUR/USD to breath like this... So I am expecting some nice moves from the market in the next week... Like you already now, the neckline that I was talking about yesterday was not broken through... But its still interesting, cause any break above it could bring us to 1,5700 level... Well, this are only the possibilities for the next week, cause any move below 1,5395 could be also critical, maybe new lows... However, if you look at the chart, you can see that maybe is the triangle in wave B the correct pattern that I am searching it for the whole week now, which should bring us higher... Right now, we could be in the last wave (e) of this wave B, where I am also expecting simple zigzag move with low somewhere around the lowest trend line support. So maybe will be the next week more bullish then this one... Ok, traders these are only the possibilities for the market that I see it right now, so be careful with any trades, use your stop loss and remember, the booking of the small profits is a lot in the trading days like this...

See you next week, Grega.

1h chart

Gregor Horvat
chief executive officer
forex analyst
Capital Forex Group LLC

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