EURUSD came nicely higher this week, clearly with five waves meaning more gains will be expected after a three-wave retracement that can be already underway. ECB can be a nice catalyst for the next jump in price especially if they will be more aggressive and hawkish with their policy outlooks after recent strong CPI numbers. […]
The post EUR/USD and AUD/USD Intraday: Elliott Wave Analysis appeared first on Action Forex.
Daily Pivots: (S1) 1.7367; (P) 1.7431; (R1) 1.7521; More… Intraday bias in EUR/AUD remains neutral at this point. Further fall is in favor as long as 1.7628 resistance holds. Below 1.7245 will target 61.8% retracement Read more…
Daily Pivots: (S1) 0.9382; (P) 0.9402; (R1) 0.9430; More…. Intraday bias in EUR/CHF remains neutral as range trading continues. Rebound from 0.9218 is either as a corrective move or the third leg of the pattern Read more…
Markets The new leg in the ‘reflation rebound’ as triggered by a promising outcome in US-Sino trade talks last weekend ran into resistance. US yields yesterday were closing in on some kind of a technical Read more…