Elliott waves for Forex correlation analysis

The happiness of buyers was short-lived. The rise turned out to be a correction with insignificant progress. Now we are witnessing how all the efforts of buyers are crumbling. The price has come close to the previously established minimum with a clear intention to update it. Apparently, we are not

Like the euro, the pound failed to continue rising and began to decline under the pressure of the dollar, ultimately falling below the previously established local minimum. The current situation allows us to consider this movement within the framework of the previously considered correction in the

The bullish trend remains intact. The price continues to work on developing the final wave 5 of v, representing an upward impulsive movement. There is a high probability that buyers are aiming to reach the target represented by the upper boundary of the presumed final diagonal triangle. Considerin