Elliott waves analysis – Wait.


Wave Analysis:

During the previous trading days, the Euro traded within the upper and the lower trendline for a while, recently the price rebounded from the lower trendline at the corrective wave cycle four and rallied towards the upper trendline in continuation of the impulsive wave cycle five. Right now the price is around the upper trendline, I expect a break above the upper trendline but should the price bounce back to the lower side, l expect it to go up to 1.0530.If you are looking at this pair right now wait for a clear price action.

Trade Recommendations:


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