Elliot_Myers

EUR/USD Upside Set-up - Downside Move Still Possible

FX:EURUSD   Euro Fx/U.S. Dollar
Steep correction fro wave 2-3 into wave 4 which is now in view at 1.11433. At this point price can correct back into the upward structure to the 1.14635 level and beyond or it can break down further to 1.11000.

With high event risk next week price is likely to consolidate between 1.12189 and 1.11433 before a news release acts a catalyst to force it up or down.

Given price action (structure) favours a long trade I expect a correction near wave 4 and the resumption of the upside.
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out