EURUSD has given a breakout above its consolidation box and falling trendline. As long as it is above its consolidating box it is good to go. Alternatively, break below in consolidating box will bring bears back in the party and price will drop rapidly.
Are Elliott waves pointing to a military incident in Europe? Gotland is a Swedish island in the middle of the Baltic Sea, commanding a key strategic position. In 1915, the Battle of Gotland was a crucial moment in The Great War, with the navy of the German Empire being defeated by that of the Russian Empire. Assisting the Russian navy that day was a British submarine. It’s fair to say that such an allied arrangement is unthinkable today.