Euro Under Pressure; Now Back To 1.3000?


The Euro moved sharply lower in this week from 1.3380 area, and closed below previous 1.3250 swing.

And also because of the sharp bearish price action, we came out with an idea that a recovery from 1.3000, labeled as wave (c) of 2 is finished and that market will move even deeper in days ahead; ideally below 1.3000 within impulsive decline.

A rally back above 1.3380 will invalidate our wave count!

EUR USD Elliott Wave Analysis April 4 2012

Guest post by Gregor Horvat

Do you want more detailed Elliott Wave Analysis? Check the video below which includes also Gbp/usd, Usd/Chf and S&P500:

Get the 5 most predictable currency pairs

About Author

Grega Horvat Grega is based in Slovenia and has been involved in markets since 2003. He is the owner of Ew-Forecast, but before that he was working for Capital Forex Group and His feature articles have been published on,, Action forex, Forex TV, Istockanalyst, ForexFactory,,, etc. He recently won the award on for Best Forex Analysis in 2016. At Ew-forecast he helps clients and educates them about the Elliott wave principle and how to label and track unfolding patterns in real time. His approach to the markets is mainly technical. He uses a lot of different methods when analyzing the markets such as candlestick patterns, MA, technical indicators etc. His specialty, however, is Elliott Wave Theory which could be very helpful especially if you know how to use it in combination with other tools/indicators. EW-Forecast To be involved in the market effectively, you need the right guidance and resources, and our team can help you to achieve that. Our team is providing advanced informations about Elliott Wave theory in real time. The Elliott Wave Principle gives you a method for identifying the behavior of the markets and at what points the market is most likely to turn. We help new traders who are interested in Elliott Wave theory to understand it correctly. We are doing our best to explain our views as simple as possible with educational goal, because knowledge itself is power!


  1. Yeah yeah yeah…
    You have not published anything since the recovery from 1.30… I thought you would make an appearace now that everyones lost 400 pips after your last publication saying it would fall from 1.30 to 1.26…..

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  3. Please respond to Mark’s comment. Your reputation depends on it!

    Please, don’t. Ignore.

  4. Hi Mark! Its Grega here! Thank you for your comment.

    Yes, we said it we are looking for 1.2600, and we still expect this price to be achieved, because since one of ours past publications pair DID NOT move above 1.3485, which was highlighted in our past updates as well. Article:

    If you are familiar with Elliott Wave theory then you know that wave two can retrace 100% of wave one but not more than that. We expected that wave 2 up, which unfolded in very complex and long corrective pattern. In slow contra-trend moves there is not much to say, that’s why we were quite during this period, which does not mean that our forecast has changed. In fact, we were just waiting for reversal, confirmation signs that occurred this past week and immediately shared it in our FREE publications, so that readers, and not only members were able to take advantage of it.

    But I can guarantee you that we were looking for that Euro price action already few weeks ago and also pointed out in one of our past video. Here is one on YouTube published on March 19th, talking about Euro:

    Mark, I am sorry, and I take responsibility if we didn’t update you constantly! But please be aware that at the moment we do not have regular posts and updates on

    We just publish articles when we want and which we want. But if responses will be good and interests high, then who knows, maybe I and Yohay will come up with some new solution/idea in our cooperation.


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