Main state of affairs: take into account quick positions from corrections under the extent of 1.0755 with a goal of 1.0328 – 1.0165.
Alternative state of affairs: breakout and consolidation above the extent of 1.0755 will permit 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 is unfolding as wave 2 of (A) of B, with wave а of two forming as its half. On the H1 chart, a corrective wave (iv) of a is accomplished, and wave (v) of a began growing, with wave ii of (v) unfolding as its half. If the presumption is right, the pair will proceed to drop to the degrees of 1.0328 – 1.0165. The stage of 1.0755 is important on this state of affairs. Its breakout will permit 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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