tradinglounge.comEURUSD Elliot Wave Chart 4 hr
07 January 2019 Elliot Wave EURUSD may have recently completed pullback up from November lows, which we labelled as an w-x-y correction within higher degree wave B. We can now see price dropping from the 1.149 level, which is a sign of a completed rally, and that more weakness can be expected, ideally in a five-wave fashion. That said, be aware of a drop lower into wave C of a higher degree towards November low, especially once corrective channel support is broken.