Sunday, May 3, 2015

Eur/Usd : When will the uptrend resume

The alternative count from the last update proved to be the correct count (wave W). What followed could be considered a triangle but wave A of this triangle wave X is very large compared to the rest of the waves inside this triangle. I think the important thing to watch is the resistance around 1.10 which was broken last week. If the count presented is correct, expect a retest of this former resistance now support zone after which price will rise again and looking at the speed of the decline from 1.40 i suspect the same speed in the other direction. Watch for surprises to the upside and small corrective waves to the downside.


  1. Dollar has really gone down after Donald Trump policy, so it will be interesting to see how it all works. We should always make sure we keep eye on the happening. I trade with OctaFX broker and through them; I am really able to play it out correctly. They have wide range of benefits from low spreads at 0.1 pips for all major pairs while there is also 50% bonus on deposit which is use able, so that really makes me comfortable.

  2. eToro is the ultimate forex trading platform for new and full-time traders.