Elliott wave Analysis: EURUSD Recovering Strongly
Gregor Horvat of Elliott Wave Financial Service - InsideFutures.com - Thu Dec 06, 9:05AM CST

Hi traders,

As expected, EURUSD broke higher for a wave c/iii, but due to an impulsivity of a leg, we assume it's a wave iii in progress, but we have to be careful ahead of tomorrow's NFP report. So, we strongly suggest to wait for a five-wave rise followed by a break above 1.1418 level which would be a confirmation of a bullish continuation towards 1.15 or higher. Any earlier decline back below 1.1320 would mean that bulls are dead.

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EURUSD, 30Min

eurusd 30min.