Elliott Wave Forecast Team
ElliottWave-Forecast.com
EURUSD made a nice pullback to 1.3708 in the past few trading days which is probably only a temporary retracement. We see pair moving sideways in wave (iv) within larger incomplete five wave rally, so our bias are bullish here for a push through 1.3832 and probably towards 1.3900. Based on latest price data pair could be forming a triangle if price will remain sideways for few more sessions.
EURUSD 4h Elliott Wave Analysis
On intraday chart EURUSD was higher yesterday but reversal back to 1.3742 suggests that move from Dec 13 low is corrective. Therefore we suspect that wave (iv) is actually still underway since Dec 11. We are now observing idea of a triangle with wave c) moving down to 1.3730 where market may turn up for wave d). Generally speaking, technicals for EURUSD are pointing higher, for a move to a new high but maybe this will not unfold so soon.
EURUSD 30min Elliott Wave Analysis
EURUSD 4h Elliott Wave Analysis
On intraday chart EURUSD was higher yesterday but reversal back to 1.3742 suggests that move from Dec 13 low is corrective. Therefore we suspect that wave (iv) is actually still underway since Dec 11. We are now observing idea of a triangle with wave c) moving down to 1.3730 where market may turn up for wave d). Generally speaking, technicals for EURUSD are pointing higher, for a move to a new high but maybe this will not unfold so soon.
EURUSD 30min Elliott Wave Analysis
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