• 711 days Will The ECB Continue To Hike Rates?
  • 711 days Forbes: Aramco Remains Largest Company In The Middle East
  • 713 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,113 days Could Crypto Overtake Traditional Investment?
  • 1,117 days Americans Still Quitting Jobs At Record Pace
  • 1,119 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,122 days Is The Dollar Too Strong?
  • 1,123 days Big Tech Disappoints Investors on Earnings Calls
  • 1,124 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,125 days China Is Quietly Trying To Distance Itself From Russia
  • 1,126 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,129 days Crypto Investors Won Big In 2021
  • 1,130 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,130 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,133 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,133 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,136 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,137 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,137 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,139 days Are NFTs About To Take Over Gaming?
The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

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

EURGBP and EURUSD Intraday: Elliott Wave Analysis

A week back I already posted count for EURGBP when I highlighted ongoing complex corrective wave 4. I was looking for wave (c) rally as part of a triangle, but notice that move from 0.7800 is sharp with personality of an impulse. As such, it's probably part of a flat correction but still need one more push up to 0.8050/0.8080 area to complete a rally. A bearish reversal could be seen from that region in the next 24-48hours of trading.

EURGBP 4h Elliott Wave Analysis

EURGBP 4-Hour Elliott Wave Analysis Chart

An intraday decline on EURUSD to 1.2500 looks corrective so obviously bulls are still underway within current wave 4 that is now underway for almost two weeks. We are looking at updated count with ending diagonal that can be taking place in wave (c). If that is the right count, then top will form around 1.2610/30 area. Generally speaking we still think that sooner or later pair will turn south.

EURUSD 1h Elliott Wave Analysis

EURUSD 1-Hour Elliott Wave Analysis Chart

 


Subscribe Our Newsletter If you already haven't >> http://goo.gl/8QVevl

 

Back to homepage

Leave a comment

Leave a comment