Main state of affairs: think about brief positions from corrections under the extent of 1.0803 with a goal of 1.0328 – 1.0165.
Alternative state of affairs: breakout and consolidation above the extent of 1.0803 will enable the pair to proceed rising to the degrees of 1.1035 – 1.1300.
Analysis: a bearish wave of bigger diploma A is presumably accomplished on the day by day chart, with the fifth wave (5) of А shaped as its half. A bullish wave B began growing. On the H4 chart, apparently, the primary counter-trend wave of smaller diploma 1 of (A) of B completed forming, and a draw back correction began unfolding as wave 2 of (A) of B. Wave а of two is presumably unfolding on the H1 chart, with waves (i) of а and (ii) of a shaped, and wave (iii) of a growing inside. If the presumption is right, the pair will proceed to drop to the degrees of 1.0328 – 1.0165. The stage of 1.0803 is essential on this state of affairs. Its breakout will enable the pair to proceed rising to the degrees of 1.1035 – 1.1300.
Price chart of EURUSD in actual time mode
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