Published 29th November 2018

The EUR/USD keeps all options open for the short run. Nevertheless, we remain with our conclusion that the Elliott wave pattern is likely to spike at least another wave into a new low. Both scenarios, which we discussed here during the past couple of weeks, remain at the highest odds.

Black is an impulse, which resolves to the downside. The red path shows an extending diagonal that finishes the entire cycle. The black count has the bigger bearish potential. Odds remain roughly balanced. Overcoming the blue dotted support shifts odds towards the black scenario.

The analysis above is a historical abstract of our EUR/USD Premium Analysis. Subscribers can access multiple timeframes, which are not displayed on this page.