EURUSD is already at the lows, which means that wave 4) is probably done near 1.1970 so wave 5) is now in play for lower levels. We are looking for a potential weakness to 1.1750 where the market could be looking for some support, especially as we see the price in late stages of an impulsive weakness from 1.2570. EURUSD 4h Elliott Wave Analysis GBPUSD broke to a new low, so we now see the price already in the fifth wave of decline: the final leg within wave five of a larger degree which means that the downside can be limited. We are looking at 1.5000 psychological level, +/-50 pips, where pair could be looking for a bottom. However, any bullish prices will be confirmed only when cable breaks above 1.5320. GBPUSD 4h Elliott Wave Analysis More: 7-Year Low On EUR/USD Just The Beginning; Staying Short – BNPP EUR/USD: Strong Bearish Technical Signal Joins Fundamentals – BTMU 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! View All Post By Gregor Horvat Opinions share Read Next Eurozone in deflation territory FxPro - Forex Broker 7 years EURUSD is already at the lows, which means that wave 4) is probably done near 1.1970 so wave 5) is now in play for lower levels. We are looking for a potential weakness to 1.1750 where the market could be looking for some support, especially as we see the price in late stages of an impulsive weakness from 1.2570. EURUSD 4h Elliott Wave Analysis GBPUSD broke to a new low, so we now see the price already in the fifth wave of decline: the final leg within wave five of a larger degree which means that the downside can… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
