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EUR/USD Uptend in 15 minutes
Wednesday, July 22, 2015 10:49
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Trend is bullish in EUR/USD currency pair in 15 minutes time frame. Since yesterday, price is going down and current price action looks like a Wave B pull back. This is a chance to take a buy trade and join an up trend. Support is present at 1.0808 price level which is also our Bullish Elliott wave count in-validation point as well. However; a decisive break below 1.0808 price level is going to kick start a bearish impulsive wave pattern. In this case, I would prefer to stay out of the market and re-analyze the price action.
Source: http://www.fxinstructor.com/blog/eurusd-uptend-in-15-minutes
