Intraday Elliott Wave Analysis For EURUSD And OIL

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EURUSD is moving down in third leg of decline, labeled as wave C/3 that should be made by five waves. We see current sideways price action as fourth wave so be aware of more downside as long as 1.3740 holds.

EURUSD 1h Elliott Wave Analysis

EURUSD Elliott Wave Analysis
EURUSD Elliott Wave Analysis

Crude oil fell sharply yesterday, it made a wave three down as a part of an impulsive structure based on the personality of the move; sharp and big move in a short period of time. As such, we expect more weakness on crude but after wave (iv) pullback that could take place in the next few sessions

OIL 1h Elliott Wave Analysis

OIL Elliott Wave Analysis
OIL Elliott Wave Analysis

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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.