EURUSD in For A Three-wave Move Higher - Elliott Wave analysis

Hello traders,

EURUSD looks to have ended a big, bearish cycle down from 1.256 area, with an Elliott wave ending diagonal in the final piece of a bigger wave A impulse. As a result we have seen a sharp move higher, above the upper Elliott wave ending diagonal line, which now confirms a completed wave A, and a minimum three-wave reversal into a wave B; potential resistance and bearish turn can be near the 1.141/1.181 region.

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Trade well,

The EW-Forecast team


eurusd, daily