• 2 hours $5 Million Gold Toilet Vanishes
  • 2 hours Gold On The Rise After Fed Rate Cut
  • 5 hours Oil Trader Loses $320 Million On Derivative Bets
  • 1 day S&P 500 Officially In An Earnings Recession
  • 1 day Miners Are Weathering The Trade War Storm
  • 1 day UK Credit Card Interest Rates Are Skyrocketing
  • 2 days From Frenzy To Flop, The Death Of This Year’s Most Hyped IPO
  • 2 days Are Smart TVs Spying On Us?
  • 2 days Is Fossil Fuel Divestment A Waste Of Time?
  • 3 days A Russian Billionaire’s Space Quest To Save Humanity
  • 3 days Markets Take Breather As Consolidation Continues
  • 3 days Economic Woes Weigh On Copper Prices
  • 3 days World's Largest IPO At Risk Following Drone Strikes
  • 4 days Gold Is Beating Buffett’s Berkshire Hathaway
  • 4 days What’s Behind The Silver Sell-Off?
  • 4 days The Retail Apocalypse Is Accelerating
  • 4 days The Top Tech Stocks Of The Year
  • 5 days America’s Workforce Elderly Workforce To Double By 2028
  • 5 days Toyota Tests Solar-Powered Prius
  • 6 days Why The Gold Rally Flatlined
Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

  1. Home
  2. Markets
  3. Other

Elliott Wave Analysis On EURJPY And EURUSD

EURJPY

US markets are open for trading. On the intraday chart of EURJPY we expect a corrective pullback in the blue wave 4 and resistance could be at 123.80-123.90 levels. After that we should see a development of the fifth and final wave, which should take this pair to 121.00 levels at least.

EURJPY, 1H

EURJPY 1-Hour Chart


EURUSD

EURUSD is similar to EURJPY which is logical since they are correlated. On this pair we are tracking an impulsive wave to the downside, wave A, that could already be completed. We now expect a minor pullback in wave 4 to around 1.103-1.105 area, where a possible reversal can take place. An impulsive decline from that area would suggest lower levels into black wave A, towards 1.0900.

EURUSD, 1H

EURUSD 1-Hour Chart

 


If you like our trading analysis, you can visit our website at --> www.ew-forecast.com

 

Back to homepage

Leave a comment

Leave a comment