EURUSD & GBPUSD Intraday Elliott Wave Analysis July 11, 2014


EURUSD chart depict almost the same picture. We are currently tracking minor wave II pullback, and we expect further continuation to the downside. ECB chairmen Draghi in his comments yesterday, insisted on the further improvements in the fiscal policy in EU area countries which will be a great support to his last implemented measures to curb downward inflation spiral and better credit supply to real business sectors in EU area.
EURUSD 1h Elliott Wave Analysis
EURUSD Intraday
Yesterday, BOE left its key policy rate unchanged. GBPUSD is still in the same range, with invalidation levels close to current price levels. We still see the potential of the move to downside from current levels, and are looking for the confirmation signs which will validate current count on this pair.
GBPUSD 1h Elliott Wave Analysis

GBPUSD 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 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.