EUR/USD: Be aware of potential rally

Gregor Horvat Wavetraders

Today all eyes will be on the ECB when EUR may not gain that much compared to other currencies if we consider potential dovish ECB decisions.

Technically, we see bullish developments on the intraday chart as the pair is coming out of an ending diagonal. At the same time, we see DXY drop with five waves so it makes a bearish case for the buck.

EUR/USD 4h Elliott Wave analysis

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Author

Gregor Horvat

Wavetraders

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

EUR/USD trims gains, hovers around 1.1900 post-US data

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GBP/USD comes under pressure near 1.3680

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Gold loses some traction, still above $5,000

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XRP holds $1.40 amid ETF inflows and stable derivatives market

Ripple trades under pressure, with immediate support at $1.40 holding at the time of writing on Tuesday. A recovery attempt from last week’s sell-off to $1.12 stalled at $1.54 on Friday, leading to limited price action between the current support and the resistance.

Dollar drops and stocks rally: The week of reckoning for US economic data

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