This is my Elliott wave idea about EURUSD.
Now We are in sub-wave (5) (Red) of wave 1 (Black).
Soon the wave 1 (Black) will be completed and the wave 2(Black) will start.
If the assumption is correct,
The wave 1 will grow to the levels of 1.121-1.130.
In this scenario, the stop loss level is 1.107
Weekly chart
1Day chart
Now We are in sub-wave (5) (Red) of wave 1 (Black).
Soon the wave 1 (Black) will be completed and the wave 2(Black) will start.
If the assumption is correct,
The wave 1 will grow to the levels of 1.121-1.130.
In this scenario, the stop loss level is 1.107
Weekly chart