EUR/USD: Sell target hit for +88 pips +4%

Elliott Wave Forecast Team ElliottWave-Forecast.com

On June 16 2026 I posted on social media @AidanFX the EURUSD sell entry chart with stop loss and targets.

EUR/USD one-hour chart June 16 2026 (Sell entry)

EURUSD moves lower and on June 17 2026 price hits the 4R target at 1.1512 from 1.1600 and I closed the sell trade for +88 pips (+4% gain risking 1% on every trade)

EUR/USD one-hour chart June 17 2026 (Targets hit/trade closed)

A trader should always have multiple strategies all lined up before entering a trade. Never trade off one simple strategy. When multiple strategies all line up it allows a trader to see a clearer trade setup. We at EWF never say we are always right. No market service provider can forecast markets with 100% accuracy. Only thing we at EWF 100%, is that we are RIGHT more than we are WRONG.

Author

Elliott Wave Forecast Team

ElliottWave-Forecast.com

GBP/USD faces daily resistance near 1.3650

GBP/USD resumes its decline, reversing Tuesday’s bullish attempt and failing once again to break above 1.3650. Cable’s decent pullback follows an acceptable advance in the Greenback as investors continue to assess latest US PCE and GDP data.

EUR/USD remains sidelined around 1.1670 post US-PCE

EUR/USD alternates gains with losses around 1.1670 on Wednesday. The pair’s retracement comes on the back of modest gains in the US Dollar in the wake of the release of July PCE data and another revision of Q2 GDP figures.

Gold surrenders some weekly gains; back toward $4,600

Gold now faces some renewed downside pressure and seems to challenge the key $4,600 mark per troy ounce on Tuesday. That said, the yellow metal’s correction comes after three daily upticks in a row, fading at the same time Tuesday’s move to fresh tops around $4,700.

Bitcoin recovery stalls near $80,000 as ETF inflows mount, whale demand strengthens

Bitcoin price is trading in the green on Wednesday, holding above $78,000 while struggling to extend its recovery above the $80,000 mark. Institutional demand is strengthening, with steady inflows and BlackRock’s tax-deferred Bitcoin-to-ETF swap volume reaching $5 billion.

Nvidia: How will the company perform as its switches from a chip maker to an AI finance house?

The main event for markets this week takes place this evening, after US markets close. Nvidia, the AI giant, will report results for last quarter. Another monster report is expected. Revenues could come in above $92bn, and earnings per share could come in at $2.09.

Canada hits US goods with tariffs; The rate market sees a problem

On September 8, Canada begins charging its own importers 15%, 25% and 50% on roughly 700 lines of American goods. The measure is billed as dollar for dollar, and on the arithmetic of covered trade it is. What it is not is a tax on the United States.