EURUSD And USDCHF Intraday Elliott Wave Analysis

EURUSD Elliott Wave 112013
EURUSD Elliott Wave 112013

Good morning traders!
We have not see so long, complex and boring correction on the EURUSD for a long time. We are still tracking a move from 1.3293 as a double zigzag that could be near completion. But before we can confirm end of a rally we need an impulsive drop in price through the former swing low placed at 1.3486.

EURUSD Elliott Wave 112013
EURUSD Elliott Wave 112013

USDCHF also seems to be in final stages of a current bearish move. We are tracking an ending diagonal in wave C) that could stop at 0.9060 region. An impulsive reaction up and through 0.9140 would suggest that pattern is complete.

USDCHF Elliott Wave 112013
USDCHF Elliott Wave 112013

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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 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.