EURUSD put a very sharp decline after presidential elections last week. The pair had 8 consecutive days with lower closes each day. It pierced through the support at 1.0900 and it is now trading 1.0670. There is a potential for only shallow correction and another leg down from these levels but given quiet risk calendar this week I expect larger correction back towards 1.0900. - See more at: http://humbletraders.com/23-nov-eurusd-long/#sthash.xqr2oOjI.dpuf
USD/JPY finally broke below 104 today leaving 103 as the next major level of support level for the currency pair although some buyers could sweep in near 103.50. The Bank of Japan left interest rates unchanged and pushed out their forecast for bringing inflation back to target from 2017 to the 2018 fiscal year. The BoJ maintained a pessimistic tone, acknowledging the risks to inflation and growth despite a nice rise in the manufacturing PMI index.
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