EUR/GBP keeps moving lower on a daily chart, but we see it approaching an important support zone. If we consider that it's running out of steam within an ending diagonal pattern for wave 5 of (C), then bullish reversal can be around the corner, we just need price confirmation.
EURGBP Daily Elliott Wave Analysis
EURJPY came higher, up to 133 as expected, but then it fell sharply, clearly in impulsive fashion back to 130.30 area, which suggests that impulse from 128.20 is completed. As such, we see room for more weakness in the short term to complete an A-B-C drop that can be underway within a higher degree triangle.
EURJPY Daily Elliott Wave Analysis
Comments
Log in or sign up to join the conversation.