Futures Commentary and Analysis


Elliott Wave Analysis: EURUSD Intraday View
Gregor Horvat - IF - Wed Jan 11, 10:18AM CST

EURUSD is trading lower, so looks like it was a running flat in wave four and not expanded flat as price did not move above the extreme of wave A, seen at 1.0651. So far, we can see a nice drop through 1.0509 swing support of a blue wave four which puts a top in place, so we see market headed lower now, ideally into a new bearish impulse.

At the moment price could be undergoing a minor EW triangle correction in sub-wave B of Y).

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eurusd, 1h.

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