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Elliott Wave Analysis On DAX And EUR/USD

Elliott Wave Financial Service
By Elliott Wave Financial Service

German stocks market (DAX) can be unfolding the final wave v) since we have seen a break out of a wave iv) triangle. Fibonacci targets and the triangle measurement target points towards 11100-11200 area, so be aware of higher prices, maybe even a spike before a bigger corrective drop starts unfolding. At the same time, DAX may push EURUSD into new lows for wave v) towards 1.13 area.

German DAX, 1h

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Elliott Wave Financial Servicehttp://www.ew-forecast.com/
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