• 269 days Could Crypto Overtake Traditional Investment?
  • 274 days Americans Still Quitting Jobs At Record Pace
  • 276 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 279 days Is The Dollar Too Strong?
  • 279 days Big Tech Disappoints Investors on Earnings Calls
  • 280 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 282 days China Is Quietly Trying To Distance Itself From Russia
  • 282 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 286 days Crypto Investors Won Big In 2021
  • 286 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 287 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 289 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 290 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 293 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 294 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 294 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 296 days Are NFTs About To Take Over Gaming?
  • 297 days Europe’s Economy Is On The Brink As Putin’s War Escalates
  • 300 days What’s Causing Inflation In The United States?
  • 301 days Intel Joins Russian Exodus as Chip Shortage Digs In
  1. Home
  2. Markets
  3. Other

Elliott Wave Analysis On EURGBP And EURUSD

EURGBP

EURGBP is moving nicely lower since we called a break out of a bearish triangle yesterday. We see pair now testing 0.8900 swing low from October 06 which is expected to be broken by a daily close price that will then open room for targets at 0.8820 and 0.8748. while 0.9057 is not breached.

EURGBP, 1H

EUR/GBP 1-Hour Chart


EURUSD

EURUSD is at a new low, but for now only with a small intraday spike, with no real bearish momentum yet, so we are considering the idea that this can be wave B as part of a flat correction as decline to a new low is made by three waves at the moment. However, it's a little bit early for this call of a flat formation in wave 4), but tomorrow is ECB which usually causes an unexpected reaction so a spike up to 1.1057 before going down would not surprised me at all. Anyhow, todays bearish close beneath 1.0940 will likely suggests that price is dropping within wave 5).

EURUSD, 1H

EUR/USD 1-Hour Chart

 


Interested in our services? We have a Special Offer: Get 14 Days 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