Elliott Wave Analysis On EURUSD And GBPUSD

By: Gregor Horvat | Wed, Aug 31, 2016
Print Email

EURUSD

EURUSD is falling nicely for the last few days, so we see more and more evidences that leg down from Friday, from 1.1340 can be wave three as part of a bearish impulse. As such, we think pair may hit 1.1080-1.1100 area soon from where a new corrective bounce up into wave four may show up.

EURUSD, 1H

EUR/USD 1-Hour Chart


GBPUSD

GBPUSD moved nicely up into wave c of B, towards 1.3150 area where market might have already accomplished a corrective rally for wave B. If that's the case then break through 1.3080 swing low is now coming which may open road for wave C decline beneath 1.3060 and towards 1.3000 psychological level.

GBPUSD, 1H

GBP/USD 1-Hour Chart

 


Interested in our services? We have a Special Offer: Get 1 Month Access For 1€!! Grab the opportunity now at www.ew-forecast.com You can even subscribe to our Twitter account -> @ewforecast

 


 

Gregor Horvat

Author: Gregor Horvat

Gregor Horvat
www.ew-forecast.com

Gregor Horvat

Gregor Horvat, based in Slovenia, has been in the forex markets since 2003. He is a technical analyst and individual trader who has worked for Capital Forex Group and TheLFB.com. He also is founder of forex services on www.ew-forecast.com. EW-Forecast.com provides technical analysis of the financial markets, highlighting behavioral patterns based on the Elliott Wave Principle (EWP). Website: http://www.ew-forecast.com/

Copyright © 2013-2017 Gregor Horvat

All Images, XHTML Renderings, and Source Code Copyright © Safehaven.com