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EURUSD: Where Have We Seen This Picture Before?
Looks like there is another "triangle" forming in the EURUSD right now.

by Vadim Pokhlebkin
11/7/2008 6:15:00 PM

You may remember the Free Update article "Euro Vs. Dollar: $1.30 and Counting…Down?" that we published on elliottwave.com October 21. In it, we referenced a forecast by Elliott Wave International's Currency Specialty Service, which the day earlier – on October 20, before the EURUSD had slid to that 1½-year low – made a very bullish forecast for the dollar. And here is why I bring it up... 

Filed Under: euro-dollar exchange rate, eurusd, forex, u.s. dollar, euro
Category: Currencies


Euro Vs. Dollar: $1.30 and Counting…Down?
You can explain the forex market using "fundamentals," but can you predict it?

by Vadim Pokhlebkin
10/21/2008 9:00:00 PM
Why is the dollar gaining? Apparently, hedge funds were "returning to cash in anticipation of massive investor withdrawals." Plus, said analysts, Ben Bernanke's new proposal for another U.S. economic stimulus package added optimism to the dollar's future. Every time I read reports like these, I think of how well they explain the market action – and yet how utterly useless they are for a forex trader. Let me ask you a question...
Filed Under: Euro dollar exchange rate, eurusd, forex, Bernanke
Category: Currencies


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The Elliott Wave Principle is a detailed description of how financial markets behave. The description reveals that mass psychology swings from pessimism to optimism and back in a natural sequence, creating specific Elliott wave patterns in price movements. Each pattern has implications regarding the position of the market within its overall progression, past, present and future. The purpose of Elliott Wave International’s market-oriented publications is to outline the progress of markets in terms of the Wave Principle and to educate interested parties in the successful application of the Wave Principle. While a course of conduct regarding investments can be formulated from such application of the Wave Principle, at no time will Elliott Wave International make specific recommendations for any specific person, and at no time may a reader, caller or viewer be justified in inferring that any such advice is intended. Investing carries risk of losses, and trading futures or options is especially risky because these instruments are highly leveraged, and traders can lose more than their initial margin funds. Information provided by Elliott Wave International is expressed in good faith, but it is not guaranteed. The market service that never makes mistakes does not exist. Long-term success trading or investing in the markets demands recognition of the fact that error and uncertainty are part of any effort to assess future probabilities. Please ask your broker or your advisor to explain all risks to you before making any trading and investing decisions.