Tag Archives: EUR

EUR/GBP Is On A Bullish Path

Ville Vainio

EUR/GBP is on a bullish path and is nearing new mid term highs soon. After we have concluded this large corrective phase, larger reversal is expected. My preferred wave count is looking for a small degree 5 wave structure to be completed before larger reversal can occur. We have been on a corrective phase since march of 2015 and are nearing the end of this large structure. more…

EURUSD: Outlook Remains Unchanged

Ville Vainio

Lower than expected NFP figures did not change the outlook for EURUSD. After a very complex sideways correction EURUSD is continuing the larger downwards trend. This next move down should be 3rd of a 3rd wave and the most powerful in the 5 wave sequence. I am expecting a similar and more powerful decline that we got from the high at 1.1713 to low of 1.10865. more…

EURGBP Should Proceed Lower

Nenad Kerkez

EURGBP has broken through important trend line and it has made another leg down. The pair I showing bearish movement on H4 timeframe, and there is a possibility of yet another retest of 0.7190 zone. We can see that trend line has been broken effectively becoming an inner trend line which gave the pair additional momentum to the downside. more…

EURUSD Could Trade Lower

Gregor Horvat

EURUSD moved sharply to the upside In August, up to 1.1700 area from where price turned nicely down two weeks back. A sharp decline to 1.1100 suggests that pair found a top and most likely accomplished a corrective wave IV rally from March 11, that we labeled it now as three wave move with a triangle in the middle. That’s a completed contra-trend move that is pointing to weaker EUR now; down into wave V that will be targeting new lows. more…

EURUSD Rally Over?

Ville Vainio

Since the upwards correction has extended, i have made a small revision on my charts. The Fibonacci expansion tool on the chart shows that EURUSD has almost advanced to 161,8% Fibonacci expansion level at 1.136. This is a measurement of the relationship between corrective wave A and C (wave C would be 1.618 times waves A) This is important wave relationship in Elliott wave theory and gives good target for the correction to end. more…

Will EUR/GBP Bulls Be Singing “The (.7390) Ceiling Can’T Hold Us”?

Matt Weller

Can we go back, this is the moment
Tonight is the night, we’ll fight ’til it’s over
So we put our hands up like the ceiling can’t hold us
Like the ceiling can’t hold us

— Macklemore, “Can’t Hold Us”
We’ve looked at pound sterling from a couple of different directions so far this week (see here and here for more), but EUR/GBP may offer the most interesting setup, especially with the European Central Bank meeting concluding Thursday. more…

EURUSD Is Bullish Above 1.1260

Nenad Kerkez

If you remember my past articles about EURUSD on 25.AUG I warned that 1.1255 is crucial for EURUSD upside. EURUSD dropped mainly because of Chinese equity markets, Shaghai index and EUROSTOXX50 futures especially at London open. Some hawkish comments about possible rate hike also gave boost to USDx which additionally lowered the pair. Yesterday we saw 2 rejections from 1.1260 each for 50+ pips and finally 1.1260 level was broken again. PMI rose to 53.3 from 51.8 and it better then preliminary estimate. more…