Foremost state of affairs: think about quick positions from corrections beneath the extent of 1.0990 with a goal of 1.0794 – 1.0710.
Various state of affairs: breakout and consolidation above the extent of 1.0990 will enable the pair to proceed rising to the degrees of 1.1141 – 1.1274.
Evaluation: a bearish wave of bigger diploma A is presumably accomplished on the every day chart. A bullish wave B began unfolding, with the primary counter-trend wave 1 of (A) of B and a corrective second wave 2 of (A) of B shaped as its half. Apparently, the third wave 3 of (A) of B is growing on the H4 timeframe, with wave i of three of (А) shaped as its half. An area corrective wave ii of three continues unfolding on the H1 timeframe, with wave (b) of ii accomplished and wave (c) of ii forming as its components. If the presumption is appropriate, the EURUSD pair will proceed to drop to the degrees of 1.0794 – 1.0710. The extent of 1.0990 is crucial on this state of affairs. Its breakout will enable the pair to proceed rising to the degrees of 1.1141 – 1.1274.
Value chart of EURUSD in actual time mode
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