Elliott waves analysis – We’re looking for a buy from 1.1486

EURUSD – Up

We're short below 1.1486

Wave Analysis

Perfectly as previously forecasted, euro continued to rally to the lower side and is still pretty much bearish both on the daily and the weekly charts. We expect further extension to the lower side and may break below 1.1486. The level 1.1486 is a key weekly level and clear break below this level will push the price to the lower side and should break below 1.1265 towards 1.0466. But on the other side, should the price bounce from 1.1486, then this will be a good place to look for a long term long position towards 1.1750.

Trade Recommendations:

We’re looking for a buy from 1.1486

101% Double the volume

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