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EURUSD And GBPUSD Update – Elliott wave Analysis

Elliott Wave Financial Service
By Elliott Wave Financial Service

While stocks turned down there was some support on EURUSD which actually turned up in five waves from 1.1427, so I see pair pair establishing a new base which means more upside can be coming after a pullback. There is a chance that pair will resume trend to 1.1650 area while is trading above Oct 09 low.

EURUSD, 1h

GBPUSD is also in uptrend and may see more upside after a-b-c set-back in wave four. Support for this one is at 1.3160.

GBPUSD, 1h

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