Elliott waves analysis – Buy euro around 1.1502


Buy euro around 1.1502

Wave Analysis

After an attempt rise earlier this week, euro is currently pulling back to the lower side. The previous week’s candle is a perfect bullish pin bar candle, and it means the price could rise eventually. Thus, instead of looking for a short position, we expect a possible rally towards 1.11602-1.1455, where we’ll be looking for a clear long term buy position with our target at 1.2444. Should the price go below 1.1502, then we’ll wait for another break below 1.1455 to confirm a possible rally towards 1.04385.

Trade Recommednation.

Buy euro around 1.1502 and have your target at 1.2444.

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