Elliott waves analysis – we’re long above 1.15764.

EURUSD – Up

Wave Analysis

During the previous trading week, Euro pulled back to the lower side but is still above the weekly support zone 1.14549-1.15764. As long as the price remains above this level, we expect nothing but a possible momentum to the upperside with an ultimate target at 1.22529. The anticipated bullish price rally is the continuation of the corrective three wave cycle and should break above 1.17520 but should not go higher than 1.22529. A break above this level will push the price intensely upwards towards 1.28630.

Trade Recommendations:

we’re long above 1.15764.

101% Double the volume

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