Elliott waves analysis – We’re long from 1.1446


We're long from 1.1446

Wave Analysis

On the chart attached, we’re seeing a good support at 1.1446. As long as this level protects the lower side, we’re waiting for a clear but signal from this level to pick an upward position with an ultimate target at 1.1611. And should the price break below 1.1446, than this will be a good place to look for a long term short position with an ultimate target at 1.1425. A buy from 1.1446 will attract a long position with an ideal take profit at 1.1525 and the next at 1.1611, and should the price break above 1.1611, then further movements to the upper side is expected.

Trade Recommendations:

We’re long from 1.1446

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