eur-usdTrend is bullish in 15 minutes chart of EUR/USD currency pair. Support is present at 1.1074 price level. Based on Elliott wave analaysis, I expect price to complete bearish Wave 4 and then price is going to resume the up trend in EUR/USD currency pair. However; if bearish candlestick closes below 1.1074 key support level then up trend is going to end. In such case I will stay out of the market and reanalyze the price action.

By FXOpen