eur-usd-15mTrend is bullish in EUR/USD currency pair in 15 minutes time frame. Short term support is present at 1.0902 price level. Based on Elliott wave analysis current price action is part of a bullish corrective wave pattern. I expect price to keep moving up as long as price stays above 1.0902 support level. However; a break down in price below 1.0902 support will end the up trend. In such case, I will stay out of the market and re-analyze the price action in EUR/USD currency pair.

By FXOpen