Elliott waves analysis – We are buyers.


Wave Analysis:

The Euro has been trading on a downtrend, during the previous trading days, the price bounced off from the impulsive wave cycle three towards the lower side at the corrective wave cycle four. Right now the price is rallying towards the upper trendline, I expect it to go up to 1.0457 in continuation of the impulsive wave cycle five. If you are currently looking at this pair, pick a buy towards the upper trendline or even higher.

Trade Recommendations:

We are buyers.

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