Elliott waves analysis – We’re short

EURUSD – Up

EURUSD is currently in a corrective phase. This pair is currently correcting moving to the downside. As shown in the chart above, the market has been moving in form of expanding edge pattern from minor corrective wave a,(1.0669) to minor corrective wave b,(1.0799). Again this pair has formed a double top at (1.0783). So the probability of this pair dropping up to (1.0448). You can place a sell order now (RISK ENTRY), or wait for the market to break below the lower trendline of this expanding wedge (REDUCED RISK ENTRY).

Trade Recommendations:

We’re short

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