EURUSD 1h Elliott Wave Analysis
EURUSD is not holding correlation with the stock market at the moment. I am looking at rally from 1.3646 that will probably extend to a new swing high in this week for a wave c) up, close to 1.3770.
GBPUSD is also reversing from the lows after completed five waves of decline. A first leg from 1.6730 is in minor five waves, so structure belongs to a bigger recovery. We expect a zigzag retracement to 1.6850-1.6900 before downtrend resumes.
GBPUSD 1h Elliott Wave Analysis
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