EURUSD & AUDUSD Intraday – Elliott Wave Analysis


EURUSD made five waves down from 1.1016 so bearish trend can be coming, but there is also still a three wave fall from the high, so from my point of view it’s too early for shorts. Also, there is still a lot of talk about the Greece, so weekend can cause gap like many times in the last 30days. that said, I would look for shorts next week rather than today.
EURUSD 30min Elliott Wave Analysis

EURUSD Elliott Wave

AUDUSD continued lower as expected, down into wave v) of (iii) which is about to complete now as we know that after every five waves correction follow. We see a bounce coming up into wave (iv), possibly back to 0.7300 before weakness may resume again early next week.
AUDUSD 1h Elliott Wave Analysis

audusd elliott wave

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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.