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Elliott Wave Analysis: EURUSD and GBPUSD Update

EURUSD can be trading at the end of a bigger bearish impulse labelled as wave 3, which means we may expect the price to slowly turn up for a temporary pullback. That said, we already see price picking up, ideally for the first wave of a correction, which may later look for resistance around the 1.1977 level.

EURUSD, 1h

GBPUSD can also be trading into a temporary pause within downtrend, which can see resistance and a turn lower at the 1.3628/1.3669 region.

GBPUSD, 1h

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