Elliott waves for Forex correlation analysis

After seriously threatening to plummet even lower, the price significantly shook the nerves of buyers before deciding to start growing. Eventually, the critical level, passing as the maximum of the supposed wave 1, worked as a support zone. The value of the euro against the dollar sharply went up,

Like the euro, the pound took advantage of the moment and switched from defense to attack. This was unexpected for sellers, as the growth turned out to be good. It's unlikely that this is the end of it. The situation indicates that the price has significant potential for further growth. This is du

The situation on the considered pair started to deviate from the expected path. Making a good deceptive move, first dropping below the minimum, then quickly returning back, the price indicated that it intended to rise. Instead, it continued to fall towards the previously established minimum. Perha