• 389 days Could Crypto Overtake Traditional Investment?
  • 394 days Americans Still Quitting Jobs At Record Pace
  • 396 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 399 days Is The Dollar Too Strong?
  • 399 days Big Tech Disappoints Investors on Earnings Calls
  • 400 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 402 days China Is Quietly Trying To Distance Itself From Russia
  • 402 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 406 days Crypto Investors Won Big In 2021
  • 406 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 407 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 409 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 410 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 413 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 414 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 414 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 416 days Are NFTs About To Take Over Gaming?
  • 417 days Europe’s Economy Is On The Brink As Putin’s War Escalates
  • 420 days What’s Causing Inflation In The United States?
  • 421 days Intel Joins Russian Exodus as Chip Shortage Digs In
  1. Home
  2. Markets
  3. Other

Elliott Wave Analysis On EURUSD And EURGBP

EURUSD

EURUSD is turning up ahead of the US cash market so looks like that US currency could be weak during US session today. We see wave b triangle near completion, but still need that push above 1.1425 that would open door for 1.1500 projected level for wave c-circled.

EURUSD, 1H

EURUSD 1-Hour Chart


EURGBP

EURGBP made sharp leg down earlier based on strong bounce on cable. However, weak EUR may stop here based on 38.2% Fibonacci retracement where pair can be looking for a base of a red wave 4). We expect red wave 5) to unfold this week, that may rise above to 0.8150, while 0.7948 invalidation level is not broken.

EURGBP, 4H

UERGBP 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