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FX Crosses Video: Is Euro headed lower against the

Hello traders! The FX market has seen some powerful moves over the past few days especially on Aud/Usd, which reached new highs around 1.0300.

Well, Australian dollar has also strengthened against the other currencies as well, such as Eur per example, since Eur/Usd remained trapped in 220 pip range. The Eur/Aud lost 700 pips in the last few days, but the analysis suggests that pair is headed much lower in 2011, with impulsive formation, potentially even down to 1.2900, 2010 lows.

Click on the video below and see our detailed analysis for Eur/Aud, and also for Eur/Cad, Gbp/Jpy and Eur/Gbp”¦.

Guest post by Gregor Horvat

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Gregor Horvat

Gregor Horvat

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 TheLFB.com. His feature articles have been published on FXstreet.com, Thestreet.com, Action forex, Forex TV, Istockanalyst, ForexFactory, Fxtraders.eu, Insidefutures.com, etc. He recently won the award on FXStreet.com 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!