EURUSD is trading higher at the moment after the price broke above the trendline connected from 1.1714 swing high. Usually when this happens it suggests two things; first that trend is changing or second, that move from the low is going complex. In our case we believe it's a complex correction from 1.1080 which still can be a three wave move, currently with wave C) headed higher to re-test 1.1460 from where price may turn lower this week.

EURUSD, 4hEURUSD 4h

By using Wavetraders website, any services, products, and content contained here, you agree that use of our service is entirely at your own risk. You understand that there is a very high degree of risk involved in trading on the markets. We assume no responsibility or liability for your trading and investment results. The charts, and all articles published on www.wavetraders.com are provided for informational and educational purposes only!

By using the information and services of www.ew-forecast.com you assume full responsibility for any and all gains and losses, financial, emotional or otherwise, experienced, suffered or incurred by you.

Recommended Content


Recommended Content

Editors’ Picks

AUD/USD eases toward 0.6500 after mixed Australian trade data

AUD/USD eases toward 0.6500 after mixed Australian trade data

AUD/USD is seeing some fresh selling interest in the Asian session on Thursday, following the release of mixed Australian trade data. The pair has stalled its recovery mode, as the US Dollar attempts a bounce after the Fed-led sell-off.   

AUD/USD News

USD/JPY rebounds above 156.00 after probable Japan's intervention-led crash

USD/JPY rebounds above 156.00 after probable Japan's intervention-led crash

USD/JPY is staging a solid comeback above 156.00, having lost nearly 450 pips in some minutes after the Japanese Yen rallied hard on another suspected Japan FX market intervention in the late American session on Wednesday. 

USD/JPY News

Gold price stalls rebound below $2,330 as US Dollar recovers

Gold price stalls rebound below $2,330 as US Dollar recovers

Gold price is holding the rebound below $2,330 in Asian trading on Thursday, as the US Dollar recovers in sync with the USD/JPY pair and the US Treasury bond yields, in the aftermath of the Fed decision and the likely Japanese FX intervention. 

Gold News

Top 3 Price Prediction BTC, ETH, XRP: Altcoins to pump once BTC bottoms out, slow grind up for now

Top 3 Price Prediction BTC, ETH, XRP: Altcoins to pump once BTC bottoms out, slow grind up for now

Bitcoin reclaiming above $59,200 would hint that BTC has already bottomed out, setting the tone for a run north. Ethereum holding above $2,900 keeps a bullish reversal pattern viable despite falling momentum. Ripple coils up for a move north as XRP bulls defend $0.5000.

Read more

The FOMC whipsaw and more Yen intervention in focus

The FOMC whipsaw and more Yen intervention in focus

Market participants clung to every word uttered by Chair Powell as risk assets whipped around in a frenetic fashion during the afternoon US trading session.

Read more

Majors

Cryptocurrencies

Signatures