Via Morgan Stanley ("FX Pulse') comes this Elliot Wave technical analysis for EUR/USD
MS's Ian Stannard prefaces this chart with a look at the longer term, saying (in brief, errors in the summary are mine) "despite the corrective rebound developed since early March, EURUSD remains within a long term down trend... suggests upside potential is limited for EURUSD" and the "sub-structure of the decline from June of last year has been "impulsive... the next stage of the EURUSD decline ... is now likely to unfold"
He then looks at:
This bearish interpretation will be confirmed by a move below 1.1005, suggesting the next impulse decline is set to take EURUSD below the 1.0854 level and back to the 1.0458 March low. This even implies a move to new lows with potential for a decline below parity over the medium term. Near-term risk to this scenario is a move above 1.1467, which would suggest another corrective leg higher before the downtrend resumes
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What say Elliot Wave analysts - is your interpretation different? Comments welcome, and you can even post charts into the comments if you wish!