ew-forecast

EURUSD breaking higher ahead of ECB- Elliott Wave Analysis

SAXO:EURUSD   Euro / U.S. Dollar
EURUSD is breaking higher, now trading above parity, which is a big bull/bear line so it's important to respect the possibility of further gains into wave C/3. Leg up should then be made by five waves from 0.9635, thus more gains should follow after wave four pullback. Ideally, price will look for 1.02 in sessions ahead, especially if ECB will remain hawkish. Bears trend below 0.987.

Elliott Wave Service
👉 www.wavetraders.com
👉 Newsletter Sign up: bit.ly/3FVPVzO
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.