Daily Elliott Wave Video Analysis — July 10, 2020

The daily Elliott Wave analysis video for July 10, 2020, is available here. The video will always remain accessible via the current link for future reference. You can use it to check the accuracy of our Elliott Wave forecasts or for your self-education in such analysis.

It is recommended to watch the video in a fullscreen mode.


AUD/USD
The Trend is bearish in 1 hour chart. Intraday resistance is present at 0.7063 price level. So, as long as price stays below 0.7063 resistance level, look for sell trades. If bullish candlestick closes above 0.7063 critical resistance level, then down trend is going to end.

EUR/JPY
The Trend is bearish in 1 hour chart. Intraday resistance is present at 121.12 price level. So, as long as price stays below 121.12 resistance level, look for sell trades. If bullish candlestick closes above 121.12 critical resistance level, then down trend is going to end.

EUR/USD
The Trend is bearish in 1 hour chart. Intraday resistance is present at 1.1315 price level. So, as long as price stays below 1.1315 resistance level, look for sell trades. If bullish candlestick closes above 1.1315 critical resistance level, then down trend is going to end.

GBP/USD
The Trend is bullish in 1 hour chart. Intraday support is present at 1.2315 price level. So, as long as price stays above 1.2315 support level, look for buy trades. If bearish candlestick closes below 1.2315 critical support level, then up trend is going to end.

USD/JPY
The Trend is bearish in 1 hour chart. Intraday resistance is present at 107.78 price level. So, as long as price stays below 107.78 resistance level, look for sell trades. If bullish candlestick closes above 107.78 critical resistance level, then down trend is going to end.

USD/CAD
The Trend is bearish in 1 hour chart. Intraday resistance is present at 1.3714 price level. So, as long as price stays below 1.3714 resistance level, look for sell trades. If bullish candlestick closes above 1.3714 critical resistance level, then down trend is going to end.

USD/CHF
The Trend is bullish in 1 hour chart. Intraday support is present at 0.9392 price level. So, as long as price stays above 0.9392 support level, look for buy trades. If bearish candlestick closes below 0.9392 critical support level, then up trend is going to end.

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