EURUSD analysis

posted by genuinelyFX at 06/30/2015 - 17:27 GMT

This pattern was identified last week. Right now we follow the path. There might be some surprises from this Greece mess, but we stick with the longs for now.

©genuinelyFX_2015.06.30_eurusd_h4_fractal
EURUSD h4 chart

On a monthly line chart there is a bounce from the 1.10 support and we might be looking for 1.18 as a target, both chart resistance and fibonacci 38% level on the last swing down.

©genuinelyFX_2015.06.30_eurusd_monthly_line
EURUSD monthly line

On an Elliott perspective, we might be looking to break above this 1.11-1.12 resistance area. A solution to Greece’s problems should give a boost. Remains to be seen if this pattern is complete.

©genuinelyFX_2015.06.30_eurusd_monthly_elliott
EURUSD monthly bars

 

 

 

eurusd_logo