We have seen some interesting USD buying yesterday across the board which could lead to even stronger dollar in days to come. On EURUSD we are looking at nice decline that can be wave (iii) down from 1.1080 so current leg can extend to 1.0850 in sessions ahead. If price will stay bearish today and tomorrow, remain beneath 1.1080 then we will likely see EURUSD going back to 1.0600 next week.
EURUSD 1h Elliott Wave Analysis
Cable can also be very interesting soon for some dollar strength after recent spike and turn down from 1.5690. Ideally market completed wave C) in that area so new impulse get be headed to 1.5466 area. If we will be able to count five waves down, then our attention will be on a pullback (blue wave two) for shorts.
GBPUSD 1h Elliott Wave Analysis
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