• 8 hours Is This The World’s First Truly Democratic Stock Exchange?
  • 11 hours India’s Wealthiest Set To Hold $23 Trillion By 2028
  • 14 hours First Quarter Profits Slip For World's Top Oil Companies
  • 16 hours The Yuan May Be China's Biggest Weakness
  • 1 day Hedge Funds Having A Banner Year
  • 1 day Disney Heiress Asks “Is There Such A Thing As Too Much?”
  • 2 days BHP Turns Bullish On EVs
  • 2 days Investors Turn Bullish On America’s Nuclear Decommissioning Business
  • 2 days The $90M Inflatable Rabbit Redefining Modern Art
  • 2 days Huawei’s Fate In The Air
  • 3 days Tesla Slashes Prices Again
  • 3 days The Modern History Of Financial Entropy
  • 3 days Italy’s Central Bank Embraces Sustainable Investing
  • 3 days Trump Lifts Metals Tariffs To Cool Simmering Trade War
  • 4 days Researchers Push To Limit Space Mining
  • 4 days Could China Start Dumping U.S. Treasury Bonds?
  • 4 days Is Winter Coming For HBO?
  • 5 days Rise Of EVs Signals Peak Gasoline
  • 5 days Jeff Bezos Doubles Down On Space Colonization Ambitions
  • 6 days Gold Mining Stocks Stuck In Limbo
Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

Strong U.S. Dollar Weighs On Blue Chip Earnings

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

How Millennials Are Reshaping Real Estate

How Millennials Are Reshaping Real Estate

The real estate market is…

  1. Home
  2. Markets
  3. Other

Elliott Wave Analysis On EURUSD And GBPUSD

EURUSD

US markets will open in a few minutes. In the meantime EURUSD made a sharp push up reaching our initial area from 1.1280 to 1.1320 from where we have seen a potential beginning of a reversal lower. We need of course a completed impulse down for confirmation for this reversal.

EURUSD, 1H

EUR/USD 1-Hour Chart


GBPUSD

GBPUSD made a five wave move from the lows on the presented time frame from recent lows which we potentially see as a possible temporary bottom. We need to see more upside in the coming days to have a full confirmation of this reversal that is now taking place. Current blue a-b-c pullback should then find its support around 1.2920 area.

Invalidation is at previous lows at 1.2866.

GBPUSD, 1H

GBP/USD 1-Hour Chart

 


Interested in our services? We have a Special Offer: Get 1 Month Access For 1€!! Grab the opportunity now at www.ew-forecast.com You can even subscribe to our Twitter account -> @ewforecast

 

Back to homepage

Leave a comment

Leave a comment