EURUSD Elliott wave analysis ahead of ECB
Jul 18, 2022


I hope you had a good time during the weekend. We had the birthday of my little girl Zala, after she returned from a 10-day holiday trip with her grandparents. It’s s such a different rhythm and dynamic with kids, or no kids at home. No kids at home it’s like markets without CB, no volatility, no action. Well, we have another important week in front of us; it’s the ECB and BoJ week where CB may have something new to say about the recent sell-off of their currencies. ECB is expected to hike rates for the first time in more than a decade on Thursday, by 25 basis points. Or, who knows, they can even surprise us if we consider that ECB is behind the curve a lot compared to other banks.  From an Elliott wave analysis perspective we can see a very nice turn up on the EURUSD currency pair, out of a downward Elliott wave channel which may suggest that the bearish impulse Elliott wave pattern can now be finally bottoming. A minimum three-wave rise is now expected, possibly even back to 1.03 level while SP500 futures may try to attack 3950.


EURUSD Elliott wave analysis
EURUSD Elliott wave analysis

EURAUD is back in bearish mode. Check here why


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.