• 258 days Will The ECB Continue To Hike Rates?
  • 258 days Forbes: Aramco Remains Largest Company In The Middle East
  • 260 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 660 days Could Crypto Overtake Traditional Investment?
  • 665 days Americans Still Quitting Jobs At Record Pace
  • 667 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 670 days Is The Dollar Too Strong?
  • 670 days Big Tech Disappoints Investors on Earnings Calls
  • 671 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 673 days China Is Quietly Trying To Distance Itself From Russia
  • 673 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 677 days Crypto Investors Won Big In 2021
  • 677 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 678 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 680 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 681 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 684 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 685 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 685 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 687 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

Elliott Wave Analysis On EURUSD And GBPUSD

EURUSD

EURUSD is falling nicely for the last few days, so we see more and more evidences that leg down from Friday, from 1.1340 can be wave three as part of a bearish impulse. As such, we think pair may hit 1.1080-1.1100 area soon from where a new corrective bounce up into wave four may show up.

EURUSD, 1H

EUR/USD 1-Hour Chart


GBPUSD

GBPUSD moved nicely up into wave c of B, towards 1.3150 area where market might have already accomplished a corrective rally for wave B. If that's the case then break through 1.3080 swing low is now coming which may open road for wave C decline beneath 1.3060 and towards 1.3000 psychological level.

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