The EURUSD failed to hold gains above the 1.2825 levels yesterday , declined below the 1.2735 levels and printed resistance at the 1.2760 levels ahead of 1.2840 levels .As a result ; Intraday outlook in EURUSD has turned neutral with risk to the downside as long as resistance 1.2760 holds on a 4 hour closing basis , support comes at the 1.2705 levels , losing this level would open 1.2640/1.2624 next , a cut will resume fall from 1.2840 levels and pave the way towards the 1.2500 levels .On…See More
"EUR/USD remains at war within itself and Vs USD/JPY, EUR/JPY neutral, Above EUR/USD 1.2703, 1.2712, 1.2737, 1.2788, 1.2824, Below 1.2650, 1.2637, 1.2546. If 1.2532 goes, ball game for EUR. Coincides USD/JPY 107.70's. If 108.10 breaks higher,…"
USDCHF has made a nice extended leg up from July lows that we see it as wave (3) that is part of a five wave rally. This rally should then continue after a corrective pause and it seems that new one is already here. We are talking about wave (4) that can look for a support at 38.2% retracement in days ahead.USDCHF Daily Elliott Wave Analysis…See More
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