EURUSD Elliott Wave Charts
Eur/Usd 1 Hour Chart
Wednesday, 25 November 2020 at 08:37 GMT
EURUSD is at the moment trading strongly to the upside, ideally already unfolding a wave iii, as part of a possible five-wave recovery, up from 1.174 level. Also, a new break above the upper Elliott wave channel line will confirm more upside within a wave iii.
Eur/Usd 4 Hour Chart
Wednesday, 25 November 2020 at 06:55 GMT
EURUSD has turned up from 1.1602 with a clear impulse so even more gains are expected after a corrective wave 2), which may have already ended at 1.174 level, and is now looking higher. In the alternate scenario we see wave 2) still unfolding as a flat pattern, with support at the 1.175/1.171 region.
Eur/Usd Daily chart
Nov 22 2020
EURUSD turned higher earlier this month so it seems that fourth wave can be finished and that market can be underway into fifth wave of extended wave C, or even maybe of wave five of a big impulse as shown on second count below. In either case, there is room for a retest of 1.200 level.