EURUSD and USDCHF Intraday: Elliott Wave Analysis 11/25/2014

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FX market is mixed with lower USD against the EUR and CHF, but bullish against AUD and CAD and sideways on cable.

On EURUSD we see price in minor recovery mode which we think it’s wave (iv) that can slow down soon around current trendline and Fibonacci resistance area. Ideally we will see a breakdown in the next 24 hours, while 1.2503 must stay in place.
EURUSD 1h Elliott Wave Analysis
eurusd 1h
USDCHF is showing very similar structure; we see pair in bullish mode with more gains to come in sessions ahead as pullback from the highs looks like a fourth wave that may look for a base around 38.2%.
USDCHF 1h Elliott Wave Analysis

usdchf 1h

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Gregor Horvat first made his name in Slovenia and has become world famous in the forex market since 2003. He is both a trader and a technical analyst who offers trading strategies on the Fibonacci and Elliot Wave principle. His main focus is on currency pairs, U.S. stock market, gold and oil. Gregor Horvat found the forex service offered on http://www.ew-forecast.com/. This website provides traders technical analysis, while putting emphasis on behavioral patterns. These are derived from the Elliott Wave Principle (EWP). Traders who are interested in the entry and exit positions, and he probability of the former and latter follow the EWP on a regular basis.