Elliott waves analysis – EUR/USD: Growth within the Forming Correction.

During the past trading day, the price traded within the framework of the current main wave scenario. Although the euro exchange rate dropped again and updated the local minimum, this fits well within the expected correction, which appears to be a zigzag in wave x.

Now, the price is attempting to recover once more. This attempt will likely have some success. Therefore, it is recommended to consider the possibility of entering buy trades at the current market levels.