The pair is expected to grow

Presumably, the fifth final wave within long-term bearish trend has already formed. The first wave of junior level (i) of an expected bullish trend is currently developing in the medium term. The level 1.0450 is critical in this scenario.

Trading tips

Buy the pair from corrections above the level of 1.0645 with targets at 1.1100-1.1440.

Alternative scenario:

Breakdown and consolidation below the level of 1.0450 will allow the pair to continue declining to a level of 1.0300.

 EUR/USD: wave analysis

EUR/USD: wave analysis

EUR/USD: wave analysis

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