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DailyFX Home / Forex Technical Analysis / Daily Technical Analysis

DailyFX Technical Focus: 11/25/2014

By , Sr. Technical Strategist

25 November 2014 20:18 GMT


Elliott Wave Bias Table

Symbol S3 S2 S1 R1 R2 R3 Chart Links

EUR/USD 1.2600 Put in Place as Key Pivot

Daily

EUR/USD 1.2600 Put in Place as Key Pivot

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses

-“One more low may complete 5 waves down from the May high.” EURUSD made a key reversal on 11/7 and an inside week last week. With 5 waves down from the May high, EURUSD could make it back to 1.2886 (former 4th wave) but the downside is favored as long as below 1.2600.

--Tradingideas are availabletoJ.S. Trade Desk members.

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