Menu

EUR/USD Elliott Wave Weekly Forecast: 10th July to 24th July 2019

× Alert!
  • - Can't withdraw your funds from this fraudulent company?
  • - Have they asked you to pay excessive withdrawal fees or to deposit more funds?
  • - Or is there an excessive delay in processing your withdrawal?
  • - Are they trying to push you into depositing more money with them even without withdrawing the one you've already put in?

It's a CONFIRMED scam company, recover your stolen funds by clicking the button below, then fill out the form and you will get a FREE Mychargeback consultation today:


Click the button below, fill out the form to recover your lost funds from this scam company


Click Here To Recover Your Stolen Funds

EUR/USD Elliott Wave Weekly Forecast: 10th July to 24th July 2019

EUR/USD Elliott Wave Weekly Forecast

EUR/USD Elliott Wave Weekly Forecast in 4 hours chart

Based on technical analysis the bearish trend is present in EUR/USD currency pair, 4 hours time frame based on EUR/USD Elliott Wave Weekly Forecast. As I have forecasted few hours ago, the price of EUR/USD pair is going to drop now to prints a Bearish impulse Elliott wave pattern and traders should look for a sell trade. So, all those Forex traders who have followed my Elliott wave forecast have made the right decision as price has descended.

Strong key resistance level is present at 1.1343 price area. In my judgment, price action in EUR/USD currency pair is now going to drop lower more as the trend is bearish in 4 hours chart. So, market is going to remain bearish overall on a medium term basis. Based on Elliott wave forecast, the current Bearish trend is part of a Bearish Impulse Elliott Wave pattern, wave (C) leg in higher time frame.

Currently, Bearish impulse Elliott wave pattern wave v looks in-complete. So, a good idea is to look for a possible sell trading chance to join the down trend around 1.1248 price area. However; if the price of EUR/USD currency pair breaks above 1.1343, vital resistance level then down trend is going to end. In such a market scenario, it would be best not to trade the Forex market and re-do the EUR/USD Elliott wave analysis in four hours chart.

If you are a trader who prefer to use robots and EAs to automate your trades and make them very profitable for you or require very good forex/stock training resources, please check this page.

Now, at this point; I must acknowledge that the trend is also bearish in higher time frame of EUR/USD currency pair.

EUR/USD Elliott Wave Weekly Forecast in daily chart

Below is the daily chart of EUR/USD pair with my Elliott wave forecast which shows us a big picture and a well started bearish trend as well.

Try SMARD today, it is a bot designed for crypto traders and investors which uses advanced algorithms to profit from market fluctuations. No programming or trading knowledge is required to start. The algorithm relies on momentum effect strategies to systematically identify market winners. Below are the key reasons why everyone loves Smard.club:    1. You get up to 5% average monthly return on your starting capital.    2. The 10% monthly service fee is charged from your profits only. They don't make money unless you do!      3. You can start with as little as $1000 in your exchange account, meaning that you just need to connect your existing exchange (or open a new one) with Smard and begin trading right away!    4. No upfront payments for the service.    5. It's a smart way of investing in your favourite crypto coins - btc/altcoins, hurdling them while at the same time growing their values through auto-trading instead of just buy and forget.   Operating through API keys, SMARD ensures secure connections without requiring fund transfers to third parties. No upfront payment or card linking is needed. Try Smard today and see the real potential of your crypto portfolio, no upfront fees to pay!

Click Here To Sign Up Now

  >

Earn 804 PERCENT ROI once Bitcoin hits the $100K mark. That’s what R100K is all about, the Road to 100k is without a doubt one of the INNOVATIVE AND LUCRATIVE CRYPTO PROJECTS the industry has to offer. With transparency a key factor what MAKES R100K DIFFERENT is, the unique approach of vesting and finally EARNING HUGE PROFIT MARGINS. You now have the chance to experience unparalleled profitability thanks to cutting-edge and innovative Human-in-the-loop AI technology. R100K offers state-of-the-art rebalancing approach to amplify returns and thus increase your portfolio tenfold. R100K also has a proprietary trading algorithm that identifies promising altcoins and rebalances the portfolio by constantly selling high performing assets and redistributing funds into some of the world’s undervalued altcoins poised to breakout in the market soon. R100K strategists found high market altcoins correlate closely with BTC but these altcoins tend to perform better in a Bull MARKET. Thus, the R100K rebalancing strategy is highly lucrative with the method MAXIMIZING YOUR PORTFOLIO without leveraging thus protecting investors from liquidation risk. You also get transparency as all PERFORMANCE DISPLAYED IN REAL-TIME DATA. Binance offers track API to give investors clear vision of what’s happening. Your time to grow and PROFIT FROM CRYPTO is now thanks to R100K. Financial freedom is just around the corner with R100K the best option to earn close to 272 percent in return with rebalancing approach setting the profit margins to over 800 percent ROI. What are you waiting for? Sign up with R100K today for a chance to finally earn financial freedom. It’s your time to make it with a positive and proven approach to investing. Get started today for a chance to become one of the enlightened investors who bought in early and gained high profits. Sign up with R100K today!

Click Here To Sign Up Now
  >

EUR/USD Elliott Wave Weekly Forecast

To me; price has printed Bearish corrective wave (B) leg. Now, price action is falling down to complete the Bearish impulse wave (C) leg which is going to complete corrective Bearish Zig Zag pattern. So, now market is moving down on a medium term basis to complete the Bearish corrective wave (C) leg which is part of an overall corrective Bearish Zig Zag at wave 2 location. After that expects a bottom in price action as well. Wave (C) leg is the last and final decline and price is going to prints a long term bottom after that. Within the Bearish Zig Zag corrective Elliott wave pattern, all sub-waves must sub-divides into 5, 3 and 5 waves pattern.

The following Elliott Wave Bearish Zig Zag corrective pattern diagram shows us a completed Bearish Zig Zag pattern within the frame work of Elliott wave principle.

Bearish Zig Zag Pattern

The bearish Zig Zag wave pattern of the Elliott wave principle shows that how price action does not moves in a straight line fashion but in a series of lows (retracements) and highs (rises). Bearish Zig Zag Elliott wave pattern in a down trending market could be seen inside the above image. The figure shows what a Bearish Zig Zag Elliott wave pattern looks like. If a trader knows what a bearish Zig Zag pattern looks like, then it would become much easy for a currency trader to actually analyze the Forex charts and make a trading decision as well.

A Bearish Zig Zag consists of two Impulse Elliott wave patterns, joined by a B wave. We use A English alphabet to label first impulse Zig Zag wave leg and we use C English alphabet to label second Impulse Zig Zag wave leg. Please take a note that Bearish Zig Zag pattern is a corrective Elliott wave pattern which appears at a pull back in a main down market trend.

Based on my EUR/USD technical analysis using Elliott Wave in daily chart, we have got an in-complete Bearish Zig Zag leg and price action is now falling down to prints bearish wave (C) leg. However; it is possible if price breaks above blue colour resistance line then forecast will become in-valid. Now, price action is probably going to move sideways and then drop lower to prints a Bearish impulse wave (C) leg. To me; in four hours chart of EUR/USD currency pair the bearish leg – Bearish Zig Zag corrective wave pattern wave c which is part of a higher degree wave (C) in daily chart is just a bearish pull back in a down trend leg as mentioned above as wave c Bearish Zig Zag corrective pattern inside a 4 hours chart.

Strong key resistance level is present at 1.1814 price area in EUR/USD daily chart. So, I expect market to first move up for next coming trading days and then may be starts the decline. So, in my opinion market is going to remain bearish overall and on a medium to long term basis, expects a sideways leg in market. Next, market is probably going to resume the down trend after that in EUR/USD currency pair, in daily chart.

Now, when an existing Bearish Elliott Wave Weekly Forecast in EUR/USD is going to fail?

Well, the forecast is good for about next two weeks time and price should stays below 1.1814 resistance area in daily time frame to keep the down trend alive. A clear bearish break out in price action above 1.1814 resistance area will end the down trend and bearish Elliott Wave Weekly Forecast; in such a market scenario, it would be best not to trade the market and re-analyze EUR/USD daily chart.

Summary

Based on EUR/USD Elliott Wave Weekly Forecast the trend is down in daily chart and a good idea is to look for a sell trade around 1.1333 price area, as price action is going to drop more towards 1.1071 but a clear bearish break out in price action above 1.1814 vital resistance area will end the down trend. On a medium term basis, it is a bearish trend in EUR/USD 4 hours time frame and a good idea is to take a sell trade around 1.1248 price level and price is probably going to drop lower towards 1.1150 price level. However; if the price of EUR/USD currency pair breaks above 1.1343 vital resistance level then bearish trend is going to end. We recommend trading with these top-rated brokers when using our signals/analyses/forecasts as they handle your trades quicker and more efficiently with very low spreads and most of them have high trade execution rate.

Leave a Reply

Your email address will not be published. Required fields are marked *

YouTube video

Follow Us

Valforex.com will not be liable for any damages incurred due to the usage of any information displayed on this website. The information and trading guides found on the website constitute the authors’ opinion only. Trading Forex, Binary options and Cryptocurrencies involve high-risk and are not suitable for all investors. Online trading in general, may not be legal in your jurisdiction. It’s visitors’ responsibility to make sure these entities are legal in their jurisdiction before engaging in trading activity. All trademarks, images and logos that appear on this site are copyrights of their respective owners and have been used under the Act of Fair Use.

Copyright © 2022 · Valforex.com | Privacy Policy | Earnings Disclaimer DMCA.com Protection Status