A growth is expected.

Assumingly, a correction in wave 2 of the senior level has finished forming. Locally, a zigzag in wave y of 2 seems to have finished developing and a starting impulse (i) started forming. If the assumption is correct and the price does not break down the critical level of 1.0668 the pair continues growing towards 1.1500.

Trading tips

Buy the pair above the level of 1.0668 with the target at 1.1500.

Trading tips

The breakdown and consolidation below the level of 1.0668 would allow the pair to fall to 1.0600, 1.0550.

EUR/USD: wave analysis

EUR/USD: wave analysis




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