EURUSD made five waves up from 1.3560 to a new swing high so it may be the right time for a short-term retracement down in wave (b) to 1.3620/40 ahead of a wave (c) rally above 1.3700. In either case intraday trend is up, and we anticipate further gains as long as 1.3560 holds.
EURUSD 1h Elliott Wave Analysis
With S&P500 count below we are still interested in longs on EURJPY. On the hourly chart below we see slow and overlpaing move from 138.65-139.70 which we think it’s wave (b) as a part of an incomplete downward correction. Nice support comes in at 138.70-1.38.30.
EURJPY 1h Elliott Wave Analysis
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