Elliott waves analysis – we’re long as long as the price remains above 1.17339

EURUSD – Up

Wave Analysis

Instead of rally to the upperside, euro pulled back to the lowerside but is still being supported by the 4 hour support level 1.17339. As long as the price remains above this level, we expect nothing but a possible momentum to the upperside, with this upward position, we’re eyeing a potential breakout above 1.17397. If this is the case, then an acceleration further upwards is expected. And on the lowerside, a breakout below 1.17339 will push the price to the lowerside with the next ideal target at 1.15188.

Trade Recommendations:

we’re long as long as the price remains above 1.17339

101% Double the volume

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