Elliott Wave Analysis: EURUSD Intraday View

Gregor Horvat Wavetraders

EURUSD is higher as expected, now in a third leg of a three wave bounce which we believe it can be a corrective move. We see nice resistance near 1.0600 from where bearish price action may resume soon. However, a break of 1.0537 is needed for a continuation lower, below 1.0490.

EURUSD, 1H

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Author

Gregor Horvat

Wavetraders

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

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