Elliott waves analysis – We’re still long towards 1.14742


We're still long towards 1.14742

Wave Analysis

Perfect as previously forecasted, the corrective three wave cycle extend massively to the upper side and is still pretty much bullish. Following the break above 1.14158, we expect further momentum to the upper side. The anticipated bullish price rally is the continuation of the impulsive wave c to the upper side and should break above 1.14580 towards 1.15550. If this target is broken, then further momentum is expected. And on the bears side, should the price break below 1.14158, then we may consider a short position.

Trade Recommendations:

We’re still long towards 1.14742

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