EURUSD Moving Into Resistance

in #eurusd • 2 years ago

EURUSD reversed sharply to the downside in the last few weeks as USD turns up across the board after new global inflation worries, but then dollar hit resistance on dovish FED speculations due to bank crisis. Looking at the EURUSD 4h chart, we can see a nice and strong decline that can resume even deeper after recent bounce into wave (B) that can be approaching resistance this week to 1.0750/1.08. We still think that pair can complete a higher degree of correction somewhere below 1.0480. .

eurusd mar 21 2023 4h.png
EURUSD-source www.wavetraders.com

#elliottwave #dollar #fx #forex
2 years ago in #eurusd by
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