The correction is nearing completion.

Supposedly, a local bearish correction in a form of second wave iv is nearing completion. Apparently, the wave (с) of ii is nearing completion locally, with a downward impetus developing inside. If the presumption is correct, after the impetus finished, the pair will resume growth to a level at 1.1400. The level 1.0680 is critical in this scenario.

Trading tips

Wait for completion of correction and buy the pair above the level of 1.0680 with a target at about 1.1400.

Alternative scenario

Breakdown of the level 1.0680 and consolidation below 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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