EURUSD 1h Elliott Wave Analysis |
Traders, the EUR is moving south across the board after release of softer than forecast Germany inflation data. EURUSD is now reversing from that GAP that I highlighted it yesterday. Well, based on current price action I see flat in wave b) so wave c) could retest swing lows from a week back. Correction from April 11th still in play; be aware of more sideways price action.
USDCHF is following the EURUSD but in opposite direction. USD turn up against the CHF at 0.8768, still only with three legs but a move beyond 0.8823 suggests that temporary weakness is done and that pair will revisit 0.8860.
USDCHF 1h Elliott Wave Analysis
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