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On EURUSD we are still observing a bullish pattern; with an expanded flat in wave B) that is now trading around an important level, at 1.0800. A bounce here should follow, and it could be in an impulsive manner in the next 24 trading hours. If not, then the count comes under question.

EURUSD 1h Elliott Wave Analysis

EURUSD Elliott Wave Analysis March 27 2015 technical chart forex

We are also looking at some candidates for USD Long trades, just in case that the USD uptrend is ready to resume. I guess we will have to wait for the answer until next week, but it’s good to be prepared. As such, my attention is still on USDJPY for longs next week if we get above the 120 resistance level. In that case I would be interested to buy a pullback

USDJPY 1h Elliott Wave Analysis

USDJPY Elliott Wave Analysis March 27 2015 technical chart forex

 

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