EUR/USD Outlook

Short term 1 week to 1 month

In Elliott wave perspective, we are looking for a corrective move back to $1.2215 in wave 4 before a final leg higher in Wave 5 to $1.2600/60

Long term Outlook 3mths to 1yr

On the weekly chart, the EUR/USD may find strong resistance @ 1.2645 in the coming weeks/month before resuming the downtrend again near year end 2018!!



Disclaimer: This communication is provided for information and discussion purposes only. Unless otherwise indicated, it does not constitute an offer or recommendation to purchase or sell any financial instruments or other products. AfrAsia Bank does not guarantee or warrant the accuracy, reliability, completeness of the information in this publication.