EUR GBP Cross Rate

Both EUR and GBP look weak against the US dollar, but which one of them is weaker, compared to the other? There are two wave counts on the charts below, suggesting that the EUR should be stronger than the GBP in the long term.        

EURUSD: bears again

Despite all new highs, which EURUSD recently made, this pair remains bearish. Expect a reversal to the downside from that 61.8% Fibonacci level.

Two perfectly looking setups ahead of FOMC

EURUSD and USDCHF look ready to resume their larger trends after the FOMC report. According to the Elliott Wave Principle, when the market has drawn a 5-3 wave model, at least another five waves should be expected in the direction of the previous five, thus making the whole pattern 5-3-5. So, our idea is to…

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