its_new_wave
Long

EURUSD: Elliot wave count

FX:EURUSD   Euro / U.S. Dollar
The structure significant changed from my previous idea about triangle. At the present time this structure getting look like more as flat correction . The movement from 1.052 looks like impulses waves: (i) - (ii) - - . If so, the next rise will have a good acceleration and grow at least to 1.119 (wave ( iii ) = wave (i) x 1.618)
If flat pattern will occur, then this pair have a good chance go up to 1.1490 - 1.1500. (wave c = wave a x 1.618)

Otherwise, the triangle patter cannot be canceled before breakthrough the top line of triangle with a price: 1.10511.
I think, tomorrow one of both scenario will fulfilled.

Comments

Ok. Today the pair almost touched the level 1.119 (there was 1.1187). Now the rise from 1.086 are not looking as full wave (iii), I think now have ended some 3rd of (iii). I think next levels for wave (iii) is: 1.1220 ; 1.13; 1.142

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