Elliott Wave technical analysis with trading signals for NZDUSD, AUDUSD, USDJPY, DXY, EURUSD
EURUSD
EURUSD is swinging down in the 5th wave which could end at 1.2250 but more likely at 1.2600-1.2700 after this ABC 4th wave correction. Invalidation will come only in the case of a confirmed break below 1.1600 which we don’t have. Now only a break above the 1.19000 will lead to a continuation higher in the 5th wave or a confirmed break below 1.16000 will mark the 5 waves up finished already. We do expect a minor bounce from here to 1.17500.
USDJPY
The pair has completely invalidated the downside count by breaking above 105 …
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