Euro Dollar Elliott Wave A

Good morning Dynamic Traders.

The Euro Dollar weakened slightly over night on an intra day but taking a glance at the weekly chart we noticed the pair is sitting on a trend line in proximity to the figure. This may provide a bounce opportunity before a continutation to the downside.

From an Elliott Wave perspective it seems we are on Wave A with Wave B still to come.

We have UK Manufacturing PMI due out shortly this morning so stand aside.

Forex Analyst.
Anne Chapman

Advanced Get Weekly Euro Dollar Chart & Daily Pivot Points by Dynamic Trader Forex Toolkit.