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Guest Commentary: Trade Setups in USD/NOK and EUR/USD

Eric Morera

"USD/NOK is showing 5 swings up from 2.1.2013 low. We are not viewing it as as 5 wave move which means pair is most likely in a double correction with 3.8.2013 low being the connector. EUR/USD pivot day is the same so we expect to see more downside in this pair as long as the high of 8.3.2013 (1.3134) is intact." - Eric Morera, Elliottwave-Forecast.com

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