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


Check more of our analysis for currencies and cryptos in members-only area. Visit Wavetraders for details!

By using Wavetraders 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.wavetraders.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.

Feed news

Latest Forex Analysis


Latest Forex Analysis

Editors’ Picks

EUR/USD on the way to 1.1280 key support

EUR/USD fails to cheer greenback weakness, stays depressed around 1.1310 during the initial Asian session on Friday. While portraying the sober mood of the major pair traders, the quote remains below 200-SMA for the first time in a fortnight.

EUR/USD News

GBP/USD holds above 1.3600 as dollar fails to capitalize on US data

GBP/USD tested 1.3600 earlier in the day but managed to stage a recovery in the early American session. The greenback is having a hard time gathering strength as investors assess the mixed macroeconomic data releases from the US.

GBP/USD News

Gold bulls looking for a re-test of November high at 1,877.15

Gold resumed its advance after a short-lived consolidative stage, reaching a fresh two-month high of $1,847.92 a troy ounce. The dollar came under renewed selling pressure after the US released mixed economic figures.

Gold News

Decentraland holds support but MANA may return to $2

Decentraland price action is, at present, very indecisive. However, while the overall outlook is bearish – especially within the Ichimoku Kinko Hyo system, there is evidence that a turnaround to the upside may be coming soon.

Read more

When real rates are negative for a sustained period, is it a sign of looming recession?

We agree that inflation should moderate this year due to the money side of things, but worry that monetary policy is powerless against most of the supply chain issues, commodity prices, greedy consumer goods companies, and that weird labor shortage.

Read more

Majors

Cryptocurrencies

Signatures