![EUR/USD short term rally still expected to fail [Video]](https://i.headtopics.com/images/2023/10/5/fxstreetnews/eur-usd-short-term-rally-still-expected-to-fail-vi-eur-usd-short-term-rally-still-expected-to-fail-vi-B452D2308B0E3AD6289C1A8F40112149.webp)
Short Term Elliott Wave in EUR/USD suggests cycle from 8.30.2023 high is in progress as a 5 waves impulse. Down from 8.30.2023 high, wave ((i)) ended
at 1.063 and rally in wave ) ended at 1.0737 as the 1 hour chart below shows. Pair then extended lower in wave ) with internal subdivision as another 5 waves in lesser degree. Down from wave ), wave ended at 1.0616 and wave ended at 1.0671. The pair extended lower in wave towards 1.0569, wave ended at 1.0609, and wave lower ended at 1.048. This completed wave ) in higher degree. Rally in wave ) ended at 1.0619 with internal subdivision as a zigzag. Up from wave ), wave ended at 1.
Wave higher ended at 1.0619 which completed wave ). Pair has resumed lower in wave ). Down from wave ), wave ended at 1.0447. Wave rally is in progress to correct cycle from 9.29.2023 high. Internal subdivision of wave is unfolding as a double three. Up from wave , wave w ended at 1.053, and pullback in wave x ended at 1.048. Expect wave y of to fail below 1.0619 for the next leg lower. As far as pivot at 1.0619 high stays intact, expect rally to fail in 3, 7, or 11 swing for further downside.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
The Most Wearable Fall 2023 / Winter 2024 Fashion Trends 2023 / 2024 » Fashion AllureCompilation of the hottest trends in clothing based on fall 2011 winter 2012 runways. What’s en vogue this season? Find out here!
Weiterlesen »
EUR/USD cycling 1.05, EU Retail Sales & US ADP Employment Change both miss the markThe EUR/USD clipped into a fresh daily high of 1.0532 on Wednesday after catching a bounce out of Tuesday's flat range, but Euro (EUR) upside remains
Weiterlesen »
EUR/USD Forecast: Risky to bet on a steady Euro recoveryEUR/USD recovered modestly toward 1.0500 after touching its lowest level of 2023 below 1.0450. The pair's near term technical outlook suggests that th
Weiterlesen »
EUR/USD seen heading higher again soonDuring September, the Euro has weakened broadly. Economists at Nordea analyze EUR/USD outlook. Downward momentum in EUR/USD unlikely to last From a te
Weiterlesen »
EUR/USD: Low in the coming weeks will not be much below parity, if at allSo far this week, FX is relatively calm in the face of a chaotic Treasury market. Economists at Société Générale analyze the FX market outlook. FX vol
Weiterlesen »