Elliott Wave Analysis: EURCAD Ideally Aiming For 1.4300

Oct 19, 2016

EURCAD found some support at the 1.436 area, so an extended five sub-waves down from 1.4663 might have accomplished wave three, which means that an a-b-c recovery can be in the cards for red wave (iv). If we are correct, then pair can retrace back to 1.4480 swing from where we will look for a new impulsive sell-off, to around 1.4300 region.