DAILY EUR/USD technical-analysis (NOVEMBER)
Scenario for today
Elliott: common flat correction up 1.3859
Current rise seems to be over near 1.3775 or 1.3841 for a retracement towards 1.3710 - 1.3667 area.
Warning: Imminent end of bullish move
15NOVEMBER2011
Scenario for today
Elliott: flat correction down 1.3530
It looks more likely that it would rise to 1.3753 - 1.3873 from 1.3613 or 1.3553. After which a downside move is expected.
Warning: Harami16NOVEMBER2011
Scenario for today
Elliott: flat correction down 1.3484
It may meet resistance in 1.3540 - 1.3559 zone for a drift down to 1.3477 zone, after which bounce to 1.3621 is anticipated.
Warning: Imminent end of bearish move
17NOVEMBER2011
Scenario for today
Elliott: irregular flat correction down 1.3365
Current fall is near an end of wave around 1.3410 zone, a rally should then procede to above 1.3537. Fall below 1.3356 would cancel this scenario.
Warning: End of trend - Imminent end of bearish move
18NOVEMBER2011
Scenario for today
Elliott: irregular flat correction down 1.3365
Warning: End of trend
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