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Gregor Horvat

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…

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EURUSD May Get To 1.1460, Before Turning Down

EURUSD is trading higher at the moment after the price broke above the trendline connected from 1.1714 swing high. Usually when this happens it can suggests two things; first that trend is changing or that move from the low is going complex. In our case we believe it's a complex correction from 1.1080 which still can be a three wave move, currently with wave C) headed up to re-test 1.1460 from where price may turn down next week.

EURUSD, 4h

EURUSD 4-Hour Chart

 

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