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Forex EURUSD Elliott Wave 1 + 4 hr 18 July 2019

Forex EURUSD Elliott Wave 1 + 4 hr 18 July 2019

Forex-EURUSD-Elliott...

Forex EURUSD Elliott Wave 1 + 4 hr 18 July 2019

Eur/Usd 1 Hour Chart
Tuesday, 16 July 2019 at 07:21 GMT

We of course expect a rise of the EURUSD pair which still didn't even pass that 1.1284 level so there is a chance for more upside.

eurusd1hr07-16

Eur/Usd 4 Hour Chart
Thursday, 18 July 2019 at 06:29 GMT

EURUSD can be trading in a three-wave, bearish reversal down from 1.141 region labelled as a higher degree wave B), as part of a more complex correction. We can see that leg A of B) unfolded a five-wave decline, which found support at the 1.119 region, from where a new, sideways price action followed. This sideways activity can be part of a three-wave correction within an unfolding wave B, which can look for resistance, and a bearish turn near the 1.129/1.133 region.

eurusd4hr07-18

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