Elliott waves analysis – we’re short below 1.1460

EURUSD – Up

we're short below 1.1460

Wave Analysis:

During the previous trading week, euro continued to loose value but is still above the weekly supportive zone 1.1460/602. Unless there’s a clear breakout below 1.1460, we expect a possible momentum to the upper side. The anticipated bullish price rally is the unfolding of an impulsive wave count to the upperside and should break above 1.2230. And on the other hand should the price break below 1.1460, then a slight pullback to the same level will push the price to the lowerside with an ultimate target at 1.0489.
Trade Recommendations:
we’re short below 1.1460

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