Elliott Wave Analysis: EUR/USD Intra-Day Drop

 | Nov 09, 2018 05:49AM ET

The USD is seen strong after Federal Reserve keeps rates on hold at 2.00-2.25%, as expected. We see EUR/USD coming down sharply but if today, on Friday, price closes above 1.1400 or even higher then I think there is still a chance for rally next week.

EUR/USD, 1-hour chart