11/12/10 - How Analyzing Forex with Elliott Wave Can Help You Catch Both Rallies and Declines

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Home > Commentary > Elliott Wave International > 11/12/10 - How Analyzing Forex with Elliott Wave Can Help You Catch Both Rallies and Declines

Think Outside the Bull at bearMarketCentral.com

11/12/10 - How Analyzing Forex with Elliott Wave Can Help You Catch Both Rallies and Declines

Robert_Prechter_80x100

By EWI Editorial Staff

On November 1, the EUR/USD — the euro/dollar exchange rate and the most actively-traded forex pair — was trading the $1.38 range, near the level it is today.

But if you look at what the EUR/USD did between November 1 and 9, you'll see a huge 400-point (or pip, in forex lingo) rally into the November 4 top — and an equally huge decline back to the levels we see today. Read more.

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