"No warning can save people determined to grow suddently rich" - Lord Overstone

  • 2 hours Gold: The Religion Of Currency
  • 1 day Economists Polarized On Trump’s Tariff Plan
  • 2 days Why Are Investors Overlooking Gold Stocks?
  • 2 days The App That Democratized Trading Is Now Worth $5B
  • 2 days Super-Cycles: Why Gold Is Set For A Breakout
  • 2 days U.S. Sanctions Russia For Election Meddling And Cyberattacks
  • 2 days Snap Shares Tank Over ‘Slap Rihanna’ Campaign
  • 2 days How Low Can Bitcoin Go?
  • 2 days Amazon’s Japan HQ Raided In Anti-Monopoly Push
  • 2 days Is Barrick Gold Close To Finding A Bottom?
  • 3 days Morgan Stanley’s Top 10 Short-Term Stock Picks
  • 3 days China: The Land Of The Ultra-Rich
  • 3 days Alibaba Soars On Reports Of China Listing
  • 3 days What Killed Toys ‘R’ Us?
  • 3 days SEC And IRS Take An Aggressive Stance On Cryptocurrencies
  • 3 days Bears And Bulls Face Off In Gold Markets
  • 3 days Bitcoin Is Winning Over The Housing Market
  • 3 days Markets Slide Sideways As Trade War Fears Linger
  • 4 days Why Aren’t Millennials Investing?
  • 4 days Bitcoin And Banking: The Next Mobile Payment Revolution
Alibaba Soars On Reports Of China Listing

Alibaba Soars On Reports Of China Listing

Chinese e-commerce giant Alibaba saw…

Gregor Horvat

Gregor Horvat

Gregor Horvat, based in Slovenia, has been in the forex markets since 2003. He is a technical analyst and individual trader who has worked for…

More Info

Elliott Wave Analysis On EURUSD And GBPUSD


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.


EUR/USD 1-Hour Chart


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.


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

Sign Up For The Safehaven Newsletter