Euro continues to show signs of bearish impulses, suggesting one more leg down is at play. Although the correction might not be done yet, it seems imminent against the dollar.
The prices of oil hint at a terminal pattern at $102/bbl. But by the looks of it, a10% decline has not been the signal bears expected. Another leg up could be possible, given the impulsive structure off the lows.
Gold has printed a similar structure to crude, but the yellowmetal’s downside leg is impulsive. This hints at a further downside, so perhaps a reversal has already occurred. Can the $1880/oz low break?
Trade with an award-winning broker! Lowest spreads on the market for Forex, Precious Metals, Energies. No re-quotes, no rejection of orders & instant withdrawals.
Daily Elliott Wave Forecast: EURUSD, WTI, GOLD (28.02.22)
Euro continues to show signs of bearish impulses, suggesting one more leg down is at play. Although the correction might not be done yet, it seems imminent against the dollar.
The prices of oil hint at a terminal pattern at $102/bbl. But by the looks of it, a10% decline has not been the signal bears expected. Another leg up could be possible, given the impulsive structure off the lows.
Gold has printed a similar structure to crude, but the yellowmetal’s downside leg is impulsive. This hints at a further downside, so perhaps a reversal has already occurred. Can the $1880/oz low break?
Trade with an award-winning broker! Lowest spreads on the market for Forex, Precious Metals, Energies. No re-quotes, no rejection of orders & instant withdrawals.
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