The EUR/USD pair has formed a wolfe wave. Now it has crossed the 5th wave. It has been also In the Elliot full wave correction So we expect a bullish movement up to the value @1.18500 which is also a good resistance zone.
Buy the pair once it crosses the trend line
The daily chart of the dollar index has formed a Full Elliot Wave.
It is due for a correction in the form of ABC Wave.
Also there is a possible double top pattern forming in the counter.
The pair has also formed a evening star pattern in the candlestick.
So as per the above analysis,we can expect a strong a downside in the Dollar index.
ACC is giving a Short Setup.. After a large rally ACC gave a 5 wave decline correction from 1740 to around 1590 Levers after which it has moved back up again in what looks like a 3 wave corrective pattern indicating that it will go down again for a Wave C or Wave 3 correction down. One can short the stock at current price levels with stoploss just above 1740 and...