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[Volkov Yuriy]

Elliott wave analysis of the market for January 06, 2026 BTCUSD.

BTCUSD: BUY 94500, SL 93000, TP 103000

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The situation in Bitcoin continues to develop according to the previously considered wave scenario. The price is doing its best to move higher, apparently developing the third wave within the forming bullish impulse.

At the moment, this wave still does not look completed. For this reason, a continuation of the upward price movement is expected in the near future. Accordingly, previously opened long positions should be kept in play, and new ones may be opened if possible.

Investment idea: BUY 94500, SL 93000, TP 103000.

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[Volkov Yuriy]

Market Fundamental Analysis for January 7, 2025 EURUSD

Event to watch today:

15:15 EET. USD – ADP Employment Change

EURUSD:

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The EUR/USD pair is holding near 1.1700, while the dollar’s moves remain restrained: market participants are waiting for fresh U.S. labor-market data to refine expectations about the Federal Reserve’s next steps. Ahead of the release, investors typically cut large positions, so the reaction to the news may be sharp even if the figures deviate only moderately.

The backdrop for the dollar is mixed. On the one hand, part of the demand for the U.S. currency is supported by periods of elevated uncertainty and interest in safe-haven assets. On the other hand, the market still prices in the possibility of further rate cuts in the U.S. in 2026 if the economy slows and price pressures ease. Any signs of cooling employment could increase pressure on the dollar.

In Europe, the single currency is supported by improving sentiment; however, softer eurozone inflation data reduce the likelihood of a firm ECB response and limit the euro’s upside. In this setup, the key driver for the pair today remains U.S. macro data: weaker-than-expected figures would argue for EUR/USD strength, while stronger results would favor a return of demand for the dollar.

Trading recommendation: BUY 1.1705, SL 1.1685, TP 1.1795

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