Forex

EURUSD Is Coming Impulsively Higher As AnticipatedAug 26, 2024

EURUSD is coming strongly and impulsively higher after we spotted a bullish breakout out of a daily bullish ABCDE triangle pattern, which occurred after the NFP disappointment at the beginning of August.

On August 06 we shared a 4-hour chart, where we warned about the first wave 1 of a new five-wave bullish cycle that can send the price higher into wave 3 after a pullback in wave 2 that can retest the support around 1.0900 area.

EURUSD 4H Chart From August 06
EURUSD 4H Chart From August 06

As you can see today on August 26, EURUSD is coming impulsively higher within a projected wave 3 and looks like there’s room for more gains, just watch out on wave 4 pullback that can retest the support around 1.1100 area before the uptrend for wave 5 resumes.

As long as the price is above 1.1000 invalidation level, EURUSD is buy the dip.

EURUSD Is Coming Impulsively Higher As Anticipated EURUSD 4H Chart From August 26
EURUSD 4H Chart From August 26

For a detailed view, you can watch below our free video analysis shared 4 days back on August 22

If you are interested in more analysis like this, you may want to join our live webinar today on Monday August 26 2024 @ 15.00CET

Forex

USDollar Is Coming Into Resistance As Expected

Read More

Funded Trader Program
Now 30% Off with the code: CHEER#30

Trade our money and collect the profits.

Read More

Learn Elliott Waves

Access to more than 7 hours of educational material

Read More

Crypto

Market Shifts To Risk-Off: Correction For Bitcoin To 85-90k

Read More

Become a premium member

Get daily Elliott Wave updates for SP500,DAX, GOLD, SILVER, CRUDE, FX, CRYPTO, etc. or apply for unlimited access to the Elliot Wave educational videos.

Register and look inside of our members area

Do you find this interesting? Subscribe to our newsletter and stay up to date.

In our newsletter you will find all the news and macro reports about Forex, Crypto, Commodities and more. Don't miss a thing!

    DISCLAIMER

    Any reviews, news, analysis, prices or other information contained on our website is provided as general market commentary and delivered electronically through a distribution channel to larger number of clients, therefore does not constitute investment advice or investment research. We are not trading advisors. Most of our work is for educational purposes only, with information based on Elliott Wave theory in real time. Trading forex, futures, options, stocks, cryptocurrenices or any another trading market carries a high level of risk, and may not be suitable for all investors.

    The possibility exists that you could lose some or all of your initial investment; therefore you should not invest money that you cannot afford to lose. Our website and the information that we provide should not be relied upon as a substitute for extensive independent research before making your investment decisions. In no event will we be liable for any loss or damage on your account in connection with, the use of our products. For any real cash investments you have to contact your financial advisor.

    Any information or material contained on our website is owned by Val Global d.o.o.. Reproduction is prohibited without Val Global d.o.o. prior license in writing.

    By continuing to use the site, you agree to the use of cookies. Learn more.

    The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

    Close