Silver and EURUSD Elliott Wave Analysis

By: Gregor Horvat | Tue, Dec 16, 2014
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Silver spiked higher earlier but not again reversing so looks like that wave five is now finally in play, final leg within wave C) that could look to finish an expanding flat correction around 15.90/16.00 area.

SILVER 4H Elliott Wave Analysis

SILVER 4-Hour Elliott Wave Analysis Chart

EURUSD made five waves up from a triangle towards our projected levels. Well, market could then turn south soon, but I would not be looking for any bearish moves yet, unless we get a break beneath 1.2426 bearish level.

EURUSD 30min Elliott Wave Analysis

EURUSD 30-Minute Elliott Wave Analysis Chart

 


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Gregor Horvat

Author: Gregor Horvat

Gregor Horvat
www.ew-forecast.com

Gregor Horvat

Gregor Horvat, based in Slovenia, has been in the forex markets since 2003. He is a technical analyst and individual trader who has worked for Capital Forex Group and TheLFB.com. He also is founder of forex services on www.ew-forecast.com. EW-Forecast.com provides technical analysis of the financial markets, highlighting behavioral patterns based on the Elliott Wave Principle (EWP). Website: http://www.ew-forecast.com/

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