Online: | |
Visits: | |
Stories: |
Story Views | |
Now: | |
Last Hour: | |
Last 24 Hours: | |
Total: |
Trend is bullish in 4 hours time frame. Key support level is present at 1.0525 price area. In last few trading hours, EUR/USD currency pair is moving up to print a possible Double Zig Zag Elliott Wave pattern.
I expect price action to drop more to print bearish wave b pull back. As the trend is still up, we could use Wave b pull back as a buy trading chance to join an up trend. However; a bearish break down in market action below 1.0525 price level will fail bullish Elliott Wave forecast.
In such case; I would prefer to stay out of the market and re-analyze the price action in EUR/USD 4 hours chart.