Forex_Maniacs

EURUSD Sort term buy and long-term sell

Short
OANDA:EURUSD   Euro / U.S. Dollar
Short Term Elliott Wave View in EURUSD suggests the decline from February 10, 2022 peak is unfolding as a 5 waves impulse Elliott Wave structure. Down from February 10, wave (1) ended at 1.0806 and rally in wave (2) ended at 1.1185. Pair then resumes lower in wave (3) and ended at 1.0348. Wave (4) corrective rally is presently in progress with internal subdivision as a Zigzag Elliott wave structure. Near term, as far as pivot at 1.0457 low stays intact, expect dips to find support in 3, 7, 11 swing for further upside before we resume the bearish trend.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.