Elliott Wave Analyisis: EURUSD and Crude Oil

Good day traders!

EURUSD is moving lower, can be already in wave-c, final leg of a corrective set-back that can stop at 1.1800 level or even at 1.1760; near 61.8% Fib. level. But important is that this is a corrective decline; a temporary downward move that may see limited downside.

EURUSD, 1H

eurusd

Crude oil is making a sharp rise, now back above 51.00 after a nice three wave set-back yesterday that found a low near 50.10 as expected. Current rise is strong and breaking above the channel resistance line so new highs are likely coming, up to around 52.00.

Crude OIL, 1H

oil

 

Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.

 


 

50% Discount OFFER Subscribe Today And Receive Elliott Wave Charts and Forecast Daily On 18 Markets at - EW-Forecast.EW-Forecast.

By using www.ew-forecast.com 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.ew-forecast.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.