EURUSD and GBPUSD Update - Elliott wave Analysis

While stocks turned down there was some support on EURUSD which actually turned up in five waves from 1.1427, so I see pair pair establishing a new base which means more upside can be coming after a pullback. There is a chance that pair will resume trend to 1.1650 area while is trading above Oct 09 low.



GBPUSD is also in uptrend and may see more upside after a-b-c set-back in wave four. Support for this one is at 1.3160.





Interested in active FX Elliott Wave labeled charts on a daily basis. Now its your time; we have Limited Offer; get a 14 day trial for 1€.
Check our website for more details.

By using 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 are provided for informational and educational purposes only!

By using the information and services of you assume full responsibility for any and all gains and losses, financial, emotional or otherwise, experienced, suffered or incurred by you.