Elliott Wave Analysis: EURUSD, Silver and Crude oil
Elliott Wave Analysis: EURUSD, Silver and Crude oil
EURUSD may see a bounce in the near-term at least in three waves as five wave decline from Sep 22nd high and divergence on RSI suggest that bottom may not be far away. Rise above 1.1808 will put rally in play.
EURUSD, 1H
Silver is at the lows about we warned you yesterday when we identified end of wave four, so current decline is a fifth wave that can be targeting 16.50/16.60 in the near term, before market may turn up for a new bounce.
Silver, 1H
Crude oil broke out of a triangle this week, and it seems there is room for more upside as latest minor pullback was red wave iv), so we stay bullish for wave v) towards 52.60/53.00 region.
Crude oil, 1H
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