Elliott waves analysis – We are buyers towards 1.0705.


Wave Analysis:

The Euro is trading in a contracting wedge formation, previously the price bounced off from the lower trendline at the impulsive wave cycle three towards the lower side at the corrective wave cycle four. The price is currently rallying towards the upper trendline, I expect it to go up to around 1.0705 in continuation of the impulsive wave cycle five. If you are looking at this pair right now, pick a buy from 1.0563 towards 1.0750.

Trade Recommendations:

We are buyers towards.1.0705.

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