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Stocks sold off last week…

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Elliott Wave Analysis On EURUSD And Silver

EURUSD

EURUSD is all-over the place; first reaction was down and then a spike up to 1.1111 resistance where bullish price may be rejected. We see potential expanded flat so new surprise can follow once again, this time to the bearish side.

EURUSD, 1H

EUR/USD 1-Hour Chart


Silver

Metals where down following the report but not for long. Silver found a support around 19.20 which could be low of a wave 4) so new bullish leg can be coming in play. Price is already above the upper channel resistance line but we want to see 20.50 broken for a bullish leg up to 21.60.

Silver, 1H

Silver 1-Hour Chart

 


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