EURUSD example of Elliott Wave Analysis

Note: This article was originally published on the Wavetimes Blog on 12 July 2011 and is linked to my book “Five Waves to Financial Freedom.”

The most dramatic sell-off in EUR/USD has one wondering whether the Elliott Wave principle worked. I offer five charts, using the most recent moves, as an example. Study them carefully and see if you can use some of the techniques in your trading.