Elliott Wave Analysis: EURGBP, DAX Intra-day View

Gregor Horvat Wavetraders

Good day traders! Today's focus is on EURGBP, DAX and OIL.

EURGBP did not move much recently, so we see pair still in a corrective wave four with missing wave c which will ideally lift price up to 0.8950 from where we may see a new fall next week.

EURGBP, 1H

Dax filled gap near 12640 earlier today and turned nicely lower which is indication to a minor top in place; ideally of wave B so price may continue lower into wave C now that will complete pullback in wave 4) near 12470.

German DAX, 1H

Author

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

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