Elliott Morning Hour: EURUSD, AUDUSD and S&P Review Ahead Of NFP

Posted by on Mar 8, 2013

Draghi sent the EUR higher yesterday, which was the strongest currency yesterday when compared to other majors. Move was also technically oriented and supported by S&P futures which are also up but not to the same degree.  The S&P futures are looking bullish now after a break out of a triangle as highlighted in yesterday's updates. Move could extend now even up to 1550 within fifth wave as we need a five wave rally from 1538 wave iv low. However keep in mind that triangles occur
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