• 590 days Will The ECB Continue To Hike Rates?
  • 590 days Forbes: Aramco Remains Largest Company In The Middle East
  • 592 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 991 days Could Crypto Overtake Traditional Investment?
  • 996 days Americans Still Quitting Jobs At Record Pace
  • 998 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,001 days Is The Dollar Too Strong?
  • 1,001 days Big Tech Disappoints Investors on Earnings Calls
  • 1,002 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,004 days China Is Quietly Trying To Distance Itself From Russia
  • 1,004 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,008 days Crypto Investors Won Big In 2021
  • 1,008 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,009 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,012 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,012 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,015 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,016 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,016 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,018 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

GBPUSD and EURUSD Intraday: Elliott Wave Analysis

GBPUSD is already recovering, making first leg up within wave E that can retrace with three subwave back to around 1.5170-1.5200 area where we will pay attention to new bearish reversal sings, as triangle would then be near completion.

GBPUSD 1h Elliott Wave Analysis

GBPUSD 1-Hour Elliott Wave Analysis Chart

EURUSD broke to the upside, just few hours after we published our intraday chart with bullish view for wave C. Price is now at new high of the week and based on strong intraday momentum we may see extensions towards 1.1500-1.1540 Fibonacci resistance area. Ideally pair will turn down from there on completed corrective fourth wave from 1.1094 low.

EURUSD 1h Elliott Wave Analysis

EURUSD 1-Hour Elliott Wave Analysis Chart

 


 

Back to homepage

Leave a comment

Leave a comment