Elliott waves analysis – Eurusd is picking a bullish momentum

EURUSD – Up

EURUSD maintains a bullish stance. It’s evident that this pair is still within a corrective phase, following an ABC corrective pattern. The price has notably encountered rejection at the support zone of 1.0519 and is currently showing a strong upward push. This movement signifies the formation of the minor wave, with our target set at 1.0730. The current momentum indicates a strong upward movement. You can consider entering one above the resistance zone at 1.0634, setting your profit target between 1.0716 and 1.0735.

Trade Recommendations:

Eurusd is picking a bullish momentum

You may check other analytical reviews on FreshForex website. Source: freshforex.com.