The Euro: On the Rise

by Michael Madden
Updated: April 01, 2020

Volatility in forex markets has been just as massive as in stocks and bonds lately, presenting huge opportunities to speculators.

But currencies' impact reaches beyond FX traders. Foreign exchange rates make investment opportunities more or less desirable in each country; they determine how much purchasing power a currency has, and more.

You can tell a lot about the future of a currency if you look at its longer-term Elliott wave patterns.

Watch our Currency Pro Service cross rates expert dissect recent wave patterns in EURGBP, the euro-sterling forex pair -- and give you his conclusions.