• 512 days Will The ECB Continue To Hike Rates?
  • 512 days Forbes: Aramco Remains Largest Company In The Middle East
  • 514 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 914 days Could Crypto Overtake Traditional Investment?
  • 919 days Americans Still Quitting Jobs At Record Pace
  • 921 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 924 days Is The Dollar Too Strong?
  • 924 days Big Tech Disappoints Investors on Earnings Calls
  • 925 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 927 days China Is Quietly Trying To Distance Itself From Russia
  • 927 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 931 days Crypto Investors Won Big In 2021
  • 931 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 932 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 934 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 935 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 938 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 939 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 939 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 941 days Are NFTs About To Take Over Gaming?
How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

  1. Home
  2. Markets
  3. Other

Intraday Elliott Wave Analysis For EURUSD And GBPUSD

ECB's Coeur: "ECB is considering negative deposit rate very seriously". EURUSD through 1.3623 support. A sharp decline can be part of a new five wave fall. We however need to wait more, but if we get an impulse from 1.3680 then we may be looking for new shorts on EURUSD. In upcoming wave iv) 1.3623 should hold, otherwise count becomes invalid. An overlap with this figure would make decline from 1.3680 corrective and support the idea for bullish EURJPY even more.

EURUSD 1h Elliott Wave Analysis

EURUSD 1-Hour Elliott Wave Analysis Chart

GBPUSD turned down from resistance as highlighted yesterday, from end of wave (iii). Pullback is now already in three legs so sooner or later pair will turn back to the highs for wave (v) to 1.6500. Any deeper downward move in current wave (iv) should stop around 1.6380 support. Be aware of BOE Gov Carney speech and BOE Inflation Report at 10:30GMT.

GBPUSD 1h Elliott Wave Analysis

GBPUSD 1-Hour Elliott Wave Analysis Chart

 


Written by www.ew-forecast.com
14 days trial just for €1 >> http://www.ew-forecast.com/register

 

Back to homepage

Leave a comment

Leave a comment