Elliott Wave Analysis: EURUSD and USDCHF Intraday


eurusd elliott wave intraday

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

usdchf elliott wave intraday

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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.