EURUSD growth and formation of the second wave

23 déc. 2020

So far, my previous forecast is in the process of formation and is coming true.

Consider the price movement algorithms for this currency pair
The eurodollar pair is often characterized by movement in "waves" or, in other words, in "stages".
As you can see, this is true for a large TF chart.
But also on the smaller, daily timeframe, you can see that the price is in the process of forming the third wave.
In the near future, the price should complete it.

So, globally, we have the completion of the second wave of growth on the weekly chart.
+ completion of the third growth wave on the junior chart.
Everything suggests that the eurodollar will rise.
I expect that after completing the second wave, the pair will come to the resistance line.
The target is 1.277.

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