Elliott wave Analysis of EURUSD
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Hello Traders,
Happy new week to you.
Here is my analysis of the EURUSD PAIR.
Analysis of the EURUSD wave structure shows corrective waves. Wave (A) formed a leading diagonal, while wave (B) was a shallow correction. Currently, we are likely in wave (C), which may indicate an upward trend within wave (5) of wave (C).
After wave (C) completes around the 1.09860 level, we expect a strong downward move.
If the price drops below 1.06011 before reaching 1.09860, the wave count is invalidated.
Cheers and happy trading
Happy new week to you.
Here is my analysis of the EURUSD PAIR.
Analysis of the EURUSD wave structure shows corrective waves. Wave (A) formed a leading diagonal, while wave (B) was a shallow correction. Currently, we are likely in wave (C), which may indicate an upward trend within wave (5) of wave (C).
After wave (C) completes around the 1.09860 level, we expect a strong downward move.
If the price drops below 1.06011 before reaching 1.09860, the wave count is invalidated.
Cheers and happy trading
Note
UPDAATE: Here is the updated EURUSD outlook.Note
UPDATE:
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