Home EURUSD & AUDUSD Elliott Wave Analysis – July 1 2014
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EURUSD & AUDUSD Elliott Wave Analysis – July 1 2014

Gregor Horvat

The USD is under pressure while stocks are moving sideways. The EURUSD has finally managed to reach the 1.3700 region that was in view for the last couple of weeks. Well, the market is moving in a quite impulsive manner higher as shown on the intraday chart below so we suspect that the market will recover even more in the next few sessions.

We are looking up 1.3720/1.3740 in the short-term while 1.3634 must hold, otherwise we will have to look on the downside.

EURUSD 1h Elliott Wave Analysis

EURUSD Intraday July 1 Elliott Wave Analysis for currency trading forex

We went long on AUDUSD yesterday with our members and so far the market broke nicely to new highs that can make a room for 0.9480 in the short-term if we consider a possibility of a wave three in progress. If we are correct then the uptrend acceleration should follow soon, while 0.9411 must stay untouched! Stops on that one are now above the entry so it’s a risk-free trade.

AUDUSD 1h Elliott Wave Analysis  

AUDUSD Intraday July 1 Elliott Wave Analysis for currency trading forex

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!