• 373 days Will The ECB Continue To Hike Rates?
  • 373 days Forbes: Aramco Remains Largest Company In The Middle East
  • 375 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 775 days Could Crypto Overtake Traditional Investment?
  • 779 days Americans Still Quitting Jobs At Record Pace
  • 781 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 784 days Is The Dollar Too Strong?
  • 785 days Big Tech Disappoints Investors on Earnings Calls
  • 786 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 787 days China Is Quietly Trying To Distance Itself From Russia
  • 788 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 792 days Crypto Investors Won Big In 2021
  • 792 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 793 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 795 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 795 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 799 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 799 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 800 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 802 days Are NFTs About To Take Over Gaming?
Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

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…

The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Elliottwave-Forecast

Elliottwave-Forecast

Elliottwave-Forecast

Elliottwave-Forecast.com (by EME PROCESSING AND CONSULTING LLC) was founded in 2005 by Eric Morera. Since inception our company has provided tailored Financial Market Services to…

Contact Author

  1. Home
  2. Markets
  3. Other

EURGBP Short-Term Elliott Wave Analysis

Preferred view suggests pair is in a double three or ((w))-((x))-((y)) Elliott wave structure down from 0.7384 peak when dip to 0.7223 completed wave ((w)) and wave ((x)) ended at 0.7380 with a full test of 0.7384 peak. Wave (w) of ((y)) ended at 0.7285 and recovery to 0.7315 was wave (x). Pair is now trading lower in wave (y) of ((y)) which is expected to unfold in 3 swings and while below 0.7315, we expect to see another push lower toward 0.7217 - 0.7193 area to complete a ((w))-((x))-((y)) Elliott wave cycle from 0.7384 peak. Above area is expected to produce a bounce in 3 waves at least.

EURGBP Short-Term Elliott Wave Analysis Chart
Larger Image

 


If you would like to have an access of EWF analysis in real time, click here and feel free to join us. We provide Elliott Wave charts in 4 different time frames, 2 live webinars by our expert analysts every day, 24 hour chat room support, market overview, daily and weekly technical videos and much more.

 

Back to homepage

Leave a comment

Leave a comment