A growth possibility remains

Assumingly, the third wave 3 of the senior level continues forming. Locally, a starting impulse of the junior level within wave (i) of iii seems to have formed and a correction within wave (ii) is probably developing. If the assumption is correct and the price does not break down the critical level of 1.0708, the pair continues growing towards 1.1300, 1.1600.

Trading tips

Buy the pair above the level of 1.0708 with targets at 1.1300, 1.1600.

Alternative scenario

The breakdown and consolidation below the level of 1.0708 would allow the pair to fall to 1.0600, 1.0500.

EUR/USD: wave analysis

EUR/USD: wave analysis




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