EURUSD chart depict almost the same picture. We are currently tracking minor wave II pullback, and we expect further continuation to the downside. ECB chairmen Draghi in his comments yesterday, insisted on the further improvements in the fiscal policy in EU area countries which will be a great support to his last implemented measures to curb downward inflation spiral and better credit supply to real business sectors in EU area.
EURUSD 1h Elliott Wave Analysis
Yesterday, BOE left its key policy rate unchanged. GBPUSD is still in the same range, with invalidation levels close to current price levels. We still see the potential of the move to downside from current levels, and are looking for the confirmation signs which will validate current count on this pair.
GBPUSD 1h Elliott Wave Analysis
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