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EURUSD and USDCAD Intraday: Elliott Wave Analysis

USDCAD is breaking higher, now trading above wave B swing, so triangle can be done in fourth wave which means that higher prices are in play for wave 5). We are looking towards 1.2600 at the start of the week.

USDCAD 1h Elliott Wave Analysis

USDCAD 1-Hour Elliott Wave Analysis Chart

EURUSD is moving higher, possibly headed up to 1.1060 resistance where third leg will equal to first leg. As such, market could turn south tomorrow or on Wednesday.

EURUSD 1h Elliott Wave Analysis

EURUSD 1-Hour Elliott Wave Analysis Chart

 


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