A growth is still possible.

Assumingly, the third wave 3 of the senior level continues developing. Locally, waves (i) and (ii) of the junior level seem to have formed. If the assumption is correct, the pair is likely to continue growing within the third wave (iii) of iii to 1.1250-1.1400. A critical for this scenario is the level of 1.0854.

Trading tips

Buy the pair from corrections, above the level of 1.0854 with the target at 1.1250-1.1400.

Alternative scenario

The breakdown and consolidation below the level of 1.0854 would allow the pair to continue declining to 1.0713-1.0650.

EUR/USD: wave analysis

EUR/USD: wave analysis

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