Elliott Wave Forecast For EURUSD and USDCHF
The market has been very slow for the last few sessions, so we suspect that pairs are trapped in corrective price action that will send USD lower in the near-term, particularly against the EUR, GBP and CHF, while commodity currencies such as AUD and CAD could stay under pressure or maybe sideways while metals, oil and other commodities are weakening.
Our focus is still on EURUSD where we see a three wave move from the top which we think its corrective wave (iv) that already tested 38.2% retracement area so uptrend could resume soon up in wave v).
EURUSD Could Move Above 1.3600-Elliott Wave Forecast
EURUSD 4h Elliott Wave Analysis EURUSD closed above 1.3500 figure last week which suggests more upside in this week. The reason for bullish outlook in the short-term is
EURUSD: Bullish Impulsive Structure
EURUSD 4h Elliott Wave Analysis Traders, I am observing a new very interesting bullish count for the EURUSD. I am tracking an impulsive move which has room for
EURUSD: Bullish Impulsive Structure
EURUSD 4h Elliott Wave Analysis Traders, I am observing a new very interesting bullish count for the EURUSD. I am tracking an impulsive move which has room for
EURUSD: Temporary Pull-back Within Larger Downtrend
EURUSD 4h Elliott Wave Analysis EURUSD found a support on Friday after NFP report around 1.3100 area from where we have seen 80 pip rally back to the
EURUSD Could Bounce Back to 1.3220-1.3250 Before Downtrend Resumes
EURUSD 4h Elliott Wave Analysis EURUSD is trading nicely lower for the last two weeks, which could be start of a new larger impulsive bearish trend. Notice that
EURUSD: Bearish Waves Moving Toward 1.3200-1.3150-Elliott Wave Analysis
EURUSD is finally trading lower, clearly in impulsive fashion from 1.3400 which is a third leg of decline, but ideally it represents an impulsive wave 3 of a
EUR/GBP: Pound to Gain on Expected Rebound in Retail Sales
The Euro is believed to sustain yesterday’s losses alongside the British pound as the Euro area recession deepened more than forecast in its worst performance in almost four
EUR/USD: Expected Rise in Industrial Output to Lift the Euro
European Central Bank President Mario Draghi’s remarks in the Spanish parliament yesterday are believed to lift the Euro opposite the US dollar today. Draghi expressed confidence that Spain
EUR/JPY: Euro Buoyed by Positive Signs of Euro Zone Recovery
The Euro is deemed to outclass the Japanese yen today as signs continue to emerge that worst of the Euro Zone crisis has passed. A business survey suggested
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