Euro / U.S. Dollar
Long

EURUSD - Elliott wave – monitoring motive wave i-v alt abc

130
prevailing scenario

wave (ii) maybe over in abc subminuette correction
monitor prices evolution in a motive mode
wave iii over 1.2151 (fib 1.618 wave i ext - losing momentum)
wave iv unfolding (expeted sideways - test 1.2114 area)

ALT: continuation of wave (ii)
subminuette correction abc if motive i-v fails

critical price area

previus daily close 1.2145
PP 1.2120
FIB 1.2116 ( iii ret 0.382) – 1.2153 ( (ii) ret 0.786)
static S/R 1.2153 critical R
volatility D 1.2092-1.2182

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.