"No warning can save people determined to grow suddently rich" - Lord Overstone

  • 12 hours The Secretive Wall Street Firm Betting On Bitcoin
  • 13 hours ‘Data Is King’: The Oil Industry’s Next Most Valuable Resource
  • 14 hours Google Invests $300 Million To Combat Fake News
  • 15 hours Zuckerberg Dodges A Bullet As Facebook Loses Billions
  • 16 hours Tesla Tumbles As Investors Lose Patience
  • 18 hours Are Alt-Coins On The Verge Of A Break Out?
  • 19 hours What Should Gold Investors Expect From The New Fed Chair?
  • 21 hours Who Will Pay For Trump's $60 Billion China Tariffs?
  • 2 days Vladimir Putin’s Mysterious Fortune
  • 2 days Cryptos Resist Social Media Crackdown
  • 2 days The Death Of Dodd-Frank
  • 2 days Bitcoin Bounces Back Ahead Of G20 Meeting
  • 2 days Trump's Trade War Nears Boiling Point
  • 2 days Will April Be A Turning Point For Precious Metals?
  • 2 days Economic Pressures Weigh On Banks And Borrowers
  • 2 days U.S. Political Uncertainty Keeps Stock Markets On Edge
  • 3 days Gold: The Religion Of Currency
  • 4 days Economists Polarized On Trump’s Tariff Plan
  • 5 days Why Are Investors Overlooking Gold Stocks?
  • 5 days The App That Democratized Trading Is Now Worth $5B
What Killed Toys ‘R’ Us?

What Killed Toys ‘R’ Us?

In another blow for America’s…

Why Aren’t Millennials Investing?

Why Aren’t Millennials Investing?

After watching previous generations take…



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…

More Info

EURGBP Short-Term Elliott Wave Analysis

Preferred Elliott Wave view suggests $EUR/GBP is in wave (X) correction up from wave (W) low at 4.22.2015. Wave (X) correction takes the form of a FLAT (ABC) structure. Wave "A" ended in 3 waves at 0.7212, followed by 3 waves correction in wave "B" towards 0.713. Wave "C" of (X) rally from 0.713 unfolds in 5 swings with wave ((i)) at 0.717, wave ((ii)) at 0.7136, wave ((iii)) at 0.7225, and wave ((iv)) at 0.719. Pair is currently expected to complete wave ((v)) towards 0.7245 - 0.7282 area. The last swing higher in wave ((v)) would complete wave (X) FLAT and divergence should be intact in the next push higher.

As the trend is lower (as indicated by the red arrow), we don't like buying the pair into the proposed wave ((v)) rally. We expect to see sellers from 0.7245 - 0.7282 area for 3 waves lower at minimum per Elliott wave hedging concept.

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

Sign Up For The Safehaven Newsletter