Search ForexCrunch

The euro reached new highs in recent sessions, after another Sunday gap. Prices extended above 1.2700 region where the market will be looking for a top.

Based on the structure of a recovery from 1.2290 we are still very confident that this is a contra-trend movement and that sooner or later prices will sell-off.

EUR USD Elliott Wave Analysis June 18 2012

Guest post by Gregor Horvat

Ideally, market will reverse lower with minor impulse, through corrective channel line that will be trigger for weakness back to levels from June 1st.

Take advantage of a Special Offer and Get 2 Months for Price of 1

Update: Final results of Greek elections – Pro bailout camp wins.  Read the results, coalition prospects, analysis, and market reaction  (which was short lived).