Euro Bulls Could Not Defy Gravity Forever

As the euro continues to lose momentum, here are the technical factors, which led to this The euro climbed to 1.0828 against the U.S. dollar on February 2nd, which was the culmination of a recovery that began from as low as 1.0340. Nearly 500 pips to the north, which is usually more than enough to convince even the…

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EURUSD Anticipates, the Fed Follows

EURUSD fell below 1.04 for the first time in 14 years, after the Federal Reserve raised rates by 25 basis points from 0.50% to 0.75% on Wednesday. The Fed’s move was highly anticipated and so was the dollar’s strength after it. But it deserves to be mentioned that EURUSD has been rising from as low…

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EURUSD Days and Hours Ahead of ECB and Draghi

The ECB yesterday announced that it will continue with its aggressive asset-buying program, although the pace of the purchases will be reduced starting April, 2017. In response to the news, EURUSD initially rallied to 1.0870, but then crashed all the way down to 1.0589 as of today. Let’s assume that you have predicted the ECB’s…

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Staying Ahead of the U.S. Election in EURUSD

Donald Trump is going to be the 45th president of the United States. Most people outside of the U.S, including us at EWM Interactive, did not expect him to win. The preliminary polls suggested Clinton was going to get the most votes and take over the White House. So when it became clear that Trump…

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EURUSD’s Surge Did Not Come Out of Nowhere

EURUSD bulls must be pleased. The pair is trading in the vicinity of 1.1100 after rallying all the way up from 1.0850. On top of that, the recovery took less than seven trading days, so it must have caught many traders off guard. So why did EURUSD rise so suddenly and how to be prepared…

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EURGBP Still Has Plenty of Room to Rise

Our last post about EURGBP was published on August 23rd, while the pair was trading near 0.8600. There were two charts included in that material, showing two different counts, but in any case, we thought we should see at least a small pullback, before the uptrend resumes. “It definitely does not seem to be the…

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EURCAD on the Brink of a 700+-Pip Crash

The last time we wrote about EURCAD was on May 5th, 2016, while the pair was trading around 1.4660. In “EURCAD Elliott Wave Dissection” we thought a three-wave (A)-(B)-(C) zig-zag correction was in progress, so we were expecting a decline in wave (B), followed by another rally in wave (C). The chart below is a…

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No EURUSD Surprises After Yellen

When the market opened on Monday this week, EURUSD was trading in the area of 1.1330, after s significant rally from 1.1045 just two weeks earlier. Most traders have heard that the trend is always more likely to continue. That is true except when it is not, as EURUSD demonstrated. It is now evident that…

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EURGBP: Time to Turn Bearish?

EURGBP has been in a strong and steady uptrend since November 2015, when it finally managed to leave the area between 0.6930 and 0.7100. The consecutive bottoms were needed for the bears to realize the support zone there was too strong for them to breach. Last week, the pair climbed to 0.8724. But every trend is…

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EURUSD: Elliott Waves Versus Deceptive NFP Reports

The last two weeks have been exceptionally good for EURUSD so far. The pair rose from as low as 1.1045 on August 5th to 1.1322 as of yesterday, August 16th. The plunge to 1.1045 came as a result of the latest NFP report, which turned out to be very good for the dollar… at first.…

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Riding EURUSD’s Rally From the Start

EURUSD took a hard hit after the British referendum results showed Britain wants to leave the European union. The pair plummeted from 1.1427 to as low as 1.0911 in a matter of hours on June 24th. After recovering to 1.1185, the exchange rate started declining again. A month after the referendum, it fell to 1.0951…

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Brexit or Not, EURUSD Follows Elliott Wave

Britain voted to leave the European Union, causing the dollar to skyrocket against all major currencies. One of Brexit’s victims in the forex market was EURUSD, which plummeted by more than 500 pips – from 1.1427 to 1.0911 – in less than 8 hours. To most people, Britain’s referendum results are quite shocking. We admit that Brexit…

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EURUSD: NFP or Elliott Wave?

The Non-Farm Payrolls report for the month of May was a total disaster. Only 38K jobs added versus 164K expected. If you ask the majority, it is no surprise that EURUSD rocketed after the news was out. The problem is that the majority had no idea what to expect from EURUSD until the NFP was out. Elliott…

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Three in a Row in EURUSD

EURUSD climbed as high as 1.1616 in the beginning of the month, but the bulls could not keep up the positive momentum, allowing the bears to take the rate down to as low as 1.1098 so far. The price action was a little choppy last week, with the pair falling to 1.1129, then climbing to…

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EURCAD Elliott Wave Dissection

EURCAD was flying above 1.6100 in January this year. A little over 4 months later – in the end of April – the pair almost completed a 20-figure crash, when it fell to 1.4180. EURCAD is currently hovering around 1.4680, but simply mentioning these price levels is not going to tell us anything about the…

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