Forex EURUSD Elliott Wave News 1-4 hr 6 November 2018
EURUSD 1 Hour Chart
Tuesday 6 November 2018 at 12:00:00AM AEST
Last week on Friday, we have highlighted and mentioned 1.1390 - 1.1360 support area, so if we get a bounce here back above 1.1400 region, then Bulls can take the lead! If from any reason goes more complex, we remain bullish as long as it's above 1.1300!
EURUSD 4 Hour Chart
Monday, 5 November 2018 at 6:39:00PM AEST
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 is broken.
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