Elliott waves analysis – On the sidelines.


Wave Analysis

EURUSD is currently in a correction mode. As it is right now, we expect nothing but a possible rally much higher, ideall we’re looking for a clear break and a close above the red moving average and may see the price extend much higher towards the immediate upper trendlone. If you are looking at this chart right now, its best to remain on the sidelines or wait and sell a break below the lower trendline, or wait and buy a break above the upper trendline. In the meantime, we’re on the sidelines.
Trade Recommendations:
On the sidelines.

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