• 4 hours China: The New King Of Caviar
  • 10 hours Gold Mid-Tiers Rally On Fresh Earnings Reports
  • 1 day Can The British Pound Overcome Brexit?
  • 1 day Is A Gold Breakout Near?
  • 2 days Federal Reserve Downgrades U.S. Growth And Cuts Rate Hikes
  • 2 days Disney Beats Out Comcast In $71.3B Mega-Merger
  • 2 days The Feds Continue To Prop Up Equities Markets
  • 3 days Bejing's Sway In South China Sea Is Fading
  • 3 days Saudis Eye Billions As Stocks Get Emerging Market Boost
  • 3 days Airbnb In Acquisition Mode Ahead Of IPO
  • 3 days Gold Hangs At $1,300 Ahead Of Fed Meeting
  • 4 days Champagne Sales Slow As European Economic Worries Grow Louder
  • 4 days Putin Signs “Digital Iron Curtain” Into Law
  • 4 days Russian Metals Magnate Sues U.S. Over Sanctions
  • 4 days Tesla Looks To Jump Into Indian Market
  • 5 days Global Banks Lay Groundwork To Re-Inflate Asset Prices
  • 5 days Homeowners Experiment With Risky New Investment Trend
  • 5 days U.S. Tech Stocks Look Increasingly Vulnerable
  • 5 days De Beers To Expand World’s Most Profitable Diamond Mine
  • 6 days Ford CEO Gets Raise After Massive Layoff Round
The Chatroom Cartel Running Global Bond Markets

The Chatroom Cartel Running Global Bond Markets

Eight major banks have been…

Lending: The Good, Bad, And Ugly

Lending: The Good, Bad, And Ugly

Aristotle said, “The most hated…

  1. Home
  2. Markets
  3. Other

Elliott Wave Analysis On EURUSD

EURUSD is recovering as stocks turned lower, but pair has a nice three wave bounce so move should be considered as corrective. We are looking at wave four that can reach more upside ahead of ECB tomorrow. There is first resistance at 1.1216 followed by second one at 1.1243. Technical, this structure looks nice for possible short in sessions ahead, but I would be careful since 10 year US notes turned up. Bullish 10 yer US notes means lower yields which suggests lower USD as well. So with that been said, I would rather focus on some long JPY trades which can play-out better in this environment based on inter-market analysis and correlations.

EURUSD, 1H

EUR/USD 1-Hour Chart

10 Year US Notes vs EURUSD (more gains on 10 year can mean higher EURUSD)

10 Year US Notes vs EUR/USD

 


Interested in our services ? We have a Special Offer : Get First 2 Months For The Price Of 1!! Grab the opportunity now at www.ew-forecast.com

 

Back to homepage

Leave a comment

Leave a comment