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EURUSD Elliott Wave

EURUSD Elliott Wave

tradinglounge.comEURUSD Elliot Wave Chart 4 hr

07 January 2019 Elliot Wave EURUSD may have recently completed pullback up from November lows, which we labelled as an w-x-y correction within higher degree wave B. We can now see price dropping from the 1.149 level, which is a sign of a completed rally, and that more weakness can be expected, ideally in a five-wave fashion. That said, be aware of a drop lower into wave C of a higher degree towards November low, especially once corrective channel support is broken.

11/01/2019

    tradinglounge.comEURUSD Elliot Wave Chart 4 hr

    12 November 2018 Elliot Wave EURUSD is at the lows meaning that decline from September 21st is unfolding, but we still assume that reversal may not be far away, unless we get accelerating decline below 1.1200. For now, we see pair in wave Y that can complete wave B) near 1.1250 level. A confirmation for a completed wave B) would be a rise in five waves back above 1.1500.

    13/12/2018

      tradinglounge.comEURUSD Elliot Wave Chart 4 hr

      06 November 2018 Elliot Wave On EURUSD we are observing a three wave decline down from 1.1814 that can be ending if we consider a wedge shape in wave C while the MACD shows evidences of a divergence. As such, a bounce in price can be here, maybe even a larger one for a wave C) up, once channel resistance from 1.1814 gets decisively breached.

      29/11/2018

        tradinglounge.comEURUSD Elliot Wave Chart 4 hr

        06 November 2018 Elliot Wave On EURUSD we are observing a three wave decline down from 1.1814 that can be ending if we consider a wedge shape in wave C while the MACD shows evidences of a divergence. As such, a bounce in price can be here, maybe even a larger one for a wave C) up, once channel resistance from 1.1814 gets decisively breached.

        29/11/2018

          tradinglounge.comEURUSD Elliot Wave Chart 4 hr

          30 October 2018 Elliot Wave No change. On EURUSD we are observing a minimum three-wave bearish movement in play, with price now breaking lower into wave C which has room for 1.1300 or even 1.1250 area. We are observing a EW ending diagonal in wave C, that can once completed push price into a strong, bullish rally.

          16/11/2018

            tradinglounge.comEURUSD Elliot Wave Chart 4 hr

            25 October 2018 Elliot Wave On EURUSD we are observing a minimum three-wave bearish movement in play, with price specifically trading in sub-wave iii of C/3 that can take the pair below the 1.1429 level and towards the 1.1260 zone. We know that wave C or 3 are impulses, which means they both have five legs and move into the direction of the trend. But before this trend continues there is also chance of a triangle formation, while pair trades below 1.1620.

            9/11/2018

              tradinglounge.comEURUSD Elliot Wave Chart 4 hr

              18 October 2018 Elliot Wave EURUSD may have recently completed a flat correction in wave B at the 1.143 level, from where a recovery had followed last week. We are now observing a three-wave rally from the lows, with current corrective wave two or b in play which is touching possible support at the Fibonacci ratio of 61.8. From here a new bounce into wave c or three may follow. That being said, if prices breaks significantly lower below 1.1400 level, then we would consider a bearish continuation.

              31/10/2018

                tradinglounge.comEURUSD Elliot Wave Chart 4 hr

                12 October 2018 Elliot Wave EURUSD came nicely down into 61.8% Fib. level from where we can see a nice turn up so far, so ideally wave c has ended. If that is the case then recovery can be seen in impulsive fashion back to 1.1800, but as always we have to be careful and focus on minimum expectations which suggests at least a three wave rise up to 1.1650-1.1700.

                25/10/2018

                  tradinglounge.comEURUSD Elliot Wave Chart 1 hr

                  05 October 2018 Elliot Wave EURUSD may see some upside if we consider a five wave decline from September 24th high. In such case a three wave bounce is expected minimum, which means move back to 1.1594 is possible.

                  18/10/2018

                    tradinglounge.comEURUSD Elliot Wave Chart 1 hr

                    01 October 2018 Elliot Wave If USDCHF is going to see more upside after set-back, then EURUSD will also remains in current decline of impulse wave c of B which can be headed to 1.1500/1.1530 area. However, be aware of 1.1650 resistance that can be tested within current wave four before fifth wave sell-off comes in.

                    11/10/2018

                      tradinglounge.comEURUSD Elliot Wave Chart 4 hr

                      25 September 2018 Elliot Wave No change EURUSD broke to a new swing high last week, it's an important area so we have to consider two possible outcomes. Our first wave count is still showing a flat formation with new bearish leg in view, especially if pair goes below 1.1700.

                      2/10/2018

                        tradinglounge.comEURUSD Elliot Wave Chart 1 hr

                        17 September 2018 Elliot Wave Regarding the EURUSD we remain bearish for a drop into wave c of B which can still be headed south for 1.1500 support before market turns up aggressively. I would be interested in longs downthere. Also, I see erased ECB gains from Thursday by a bearish Friday candle which also suggests lower prices shortterm.

                        25/09/2018

                          tradinglounge.comEURUSD Elliot Wave Chart 1 hr

                          10 September 2018 Elliot Wave If our count above is correct then EURUSD is still headed lower within subwave c of B. Subwave c is a motive wave so we are waiting on five wave move down from 1.1660 which can come to an end in 1.1450/80 support area this week. I have on my radar screen this one for possible longs.

                          18/09/2018

                            tradinglounge.comEURUSD Elliot Wave Chart 1 hr

                            03 September 2018 Elliot Wave As expected, EURUSD is turning down into a three-wave (a)-(b)-(c) pullback, where wave (c) can be completed within five sub-waves that can find support around ideal previous wave iv and 50% Fibo. retracement at 1.1528 level. Keep in mind that this may get even deeper and more complex towards 61,8% Fibo. retracement, so we strongly suggest to wait for an impulsive bounce with a five-wave rise, which would confirm a completed correction.

                            12/09/2018

                              tradinglounge.comEURUSD Elliot Wave Chart 1 hr

                              27 August 2018 Elliot Wave EURUSD hit a new high on Friday, so we think that leg up is still part of an impulsive wave A which can look for a top soon, especially if price breaks below the trendline support. In such case I would look for deeper pullback into wave B, to around 1.1500 from where new leg up may show up.

                              5/09/2018

                                tradinglounge.comEURUSD Elliot Wave Chart 4 hr

                                20 August 2018 Elliot Wave Euro had a very bad week; price fell sharply against the US currency which is seen very strong and possibly ready for more gains. Notice that leg down from 1.1630 is extremely sharp so it was wave three that slowed down at 161.8% Fib. target so we see pair rallying into wave four now that can slow down around 1.1430 resistance. Invalidation level is at 1.1530; trend is down as long it holds, but sooner or later much deeper corrective recovery will show up since that break down from a triangle will sooner or later come to an end.

                                30/08/2018

                                  tradinglounge.comEURUSD Elliot Wave Chart 4 hr

                                  10 August 2018 Elliot Wave EURUSD is breaking nicely to the downside as expected, now in wave three which has room for 1.1400 followed by 1.1280 area while market trades below 1.1630 invalidation level. Only a recovery above that level would likely suggests that bottom is in place.

                                  23/08/2018

                                    tradinglounge.comEURUSD Elliot Wave Chart 1 hr

                                    3 August 20118 Elliot Wave EURUSD made sharp and impulsive decline within five waves, which can be approaching the end soon, maybe around 1.1550 level. After five waves always comes a three-wave pullback, so watch out for a bounce, where EURUSD may slow down in 1.16 area, before a continuation lower in upcoming days/weeks. As long as it's trading below 1.1745 region, we will remain bearish.

                                    14/08/2018

                                      tradinglounge.comEurusd Elliot Wave Chart 30 Mn

                                      27 July 2018 Elliot Wave EURUSD is unfolding a five-wave fall from the 1.1742 level which is a sign of a bearish impulse. We see recent correction as wave iv completed at the 1.1657 area, so current drop can be wave v that can extend towards the Fibonacci ratio of 61.8.

                                      8/08/2018

                                        tradinglounge.comEURUSD Elliot Wave Chart 4 hr

                                        24 July 2018 Elliot Wave Sideways price activity on EURUSD since end of May suggests that a wave four triangle is unfolding. A triangle is a five-wave contracting or expanding movement within two trend lines, which unfolds prior to the final leg. In our case we are observing a bearish triangle, which can push prices lower once fully finished. At the moment we see price ending wave e) at the 1.175 level, meaning that a new reversal can be near. However, only a drop in impulsive fashion and a break below the 1.1573 level would confirm more weakness.

                                        2/08/2018

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