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EUR/USD & USD/CHF Intraday: Elliott Wave Analysis

On the FX floor we are tracking USD/CHF very closely and considering a coming three wave set-back in the near-term as the rally from around 0.8970 can be counted in five waves. We are considering to close USDCHF longs.

USDCHF 1h Elliott Wave Analysis

usdchf intraday Elliott Wave analysis July 23 2014 currency trading

The EURUSD has some room left on our Fibonacci levels, placed around 1.3420 but because the price is already in the fifth wave here we need to be aware of a bounce. Keep an eye on 1.3511 price; an overlap will signal for a bigger three wave rally.
EURUSD 1h Elliott Wave Analysis

eurusd intraday July 23 2014 technical analysis outlook Elliott Wave forecast

 

Gregor Horvat

Gregor Horvat

Grega Horvat Grega is based in Slovenia and has been involved in markets since 2003. He is the owner of Ew-Forecast, but before that he was working for Capital Forex Group and TheLFB.com. His feature articles have been published on FXstreet.com, Thestreet.com, Action forex, Forex TV, Istockanalyst, ForexFactory, Fxtraders.eu, Insidefutures.com, etc. He recently won the award on FXStreet.com for Best Forex Analysis in 2016. At Ew-forecast he helps clients and educates them about the Elliott wave principle and how to label and track unfolding patterns in real time. His approach to the markets is mainly technical. He uses a lot of different methods when analyzing the markets such as candlestick patterns, MA, technical indicators etc. His specialty, however, is Elliott Wave Theory which could be very helpful especially if you know how to use it in combination with other tools/indicators. EW-Forecast To be involved in the market effectively, you need the right guidance and resources, and our team can help you to achieve that. Our team is providing advanced informations about Elliott Wave theory in real time. The Elliott Wave Principle gives you a method for identifying the behavior of the markets and at what points the market is most likely to turn. We help new traders who are interested in Elliott Wave theory to understand it correctly. We are doing our best to explain our views as simple as possible with educational goal, because knowledge itself is power!