One Step at a Time, One Swing at a Time

07/22/2015 7:00 am EST

Focus: CURRENCIES

Christopher Terry

Founder and CEO, iMarketsLive

In this video, Christopher Terry, of iMarketsLive.com, looks at the EUR/USD Spot Market and maps out the zones to watch for both a higher low to form as well as a AB+CD Correction.

This week, by taking a technical look at the EUR/USD, traders can see that the currency has put in a intermediate-term bottom and has shifted its momentum from down to up. Now that the Greece situation is out of the way and traders saw, basically, impulse up off these market lows, it is important to look at the prior swing to determine what to expect moving forward. In Wednesday's video, Chris maps out the zones for both a higher low to form as well as a AB+CD correction.

By Christopher Terry, Contributor, iMarketsLive.com

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