EURUSD is slow, so we are still tracking the two wave counts, but both suggest that this is a fourth wave correction from November lows. In the near term, however, both showroom for more upside for subwave C, but the question is if this will be part of a triangle or higher degree three-wave recovery. In either case, we think that important resistance levels to track are at 1.1350 followed by 1.14.

EUR/USD 1h Elliott Wave analysis count1

EURUSD Elliott Wave

EUR/USD 1h Elliott Wave analysis count2

EURUSD Elliott Wave

EURGBP is coming nicely to the upside; trying to bounce away from 0.8490 area where flat correction can be finished so there can be much more upside coming in sessions ahead. If for any reason 0.8490 level is broken then we would look for a more complex pullback but still corrective that can bottom late around 0.8445.

EUR/GBP 1h Elliott Wave analysis

EURGBP Elliott Wave

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