EURUSD
is near completion of it's Elliot's Wave pattern following a tough week for the Dollar. Today's action is mostly accredited to strength of
SLV
and
GOLD
. I believe there is a correction or some consolidation due early next week with the amount of economic announcements on the US and European sides, and as Brexit new's continues to develop with apparent "rounding issues" occurring. GOLD and SLV will likely flatten out due to the upcoming debate. Also, with US Stimulus likely becoming a hot topic at the debate with rumors still floating some type of relief. In conclusion, Europe and Britains uncertain future will likely bring weakness to the Euro early in the week, and I predict the dollar to stay flat leading up to the debate and bounce with more strength in GOLD and SLV or a Stimulus package. EUR/USD could easily reach 1.915 next week as these events play out or retrace to resistance turned support from July.
