Hellena | EUR/USD (4H): Long to resistance area at 1.09501.

Dear colleagues, I believe that the five-wave momentum is not yet complete. I expect a correction in wave “4” to the area of 1.08270, then the continuation of the upward movement to the area of 1.09501. Thus, the price will complete the wave “1” of the higher order.

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Comment:

Colleagues, I expect that the price will continue the wave “4”, after which I expect an upward movement, which will update the local maximum of 1.08952, after which we should set trades to breakeven.

Comment:

I believe that the wave has started an upward movement in wave “5”. In the coming week, I expect to update the high of 1.08967, then reaching the target.

Comment:

Colleagues, the price has not updated the minimum, besides, a “Pin-Bar” was formed on the daily timeframe yesterday. So I expect the price to update the local high of 1.08967 and complete the upward movement.

Comment:

Price is going for a triangle. I believe that after consolidation there will be a breakout in the upward movement. Expect)

Comment:

The price is in the support area. I assume that the price will start an upward movement to the target, but I recommend - most importantly work with LS and do not risk more than 5% of the deposit in the deal!

Comment:

Colleagues, the forecast is still active, because in fact we are still in the support area. In the coming week, I expect the price to continue the upward movement and update the level of 1.08615.

Comment:

Dear Colleagues, I believe that the price continues its upward movement towards the target of 1.09501.
At the moment I expect the high of 1.08945 to be updated and somewhere in this area I will recommend that trades should be set trades to breakeven.