Seems like EURUSD is moving in a corrective Wave Y to the upside which is very near to the 38.2% upside retracement, from a short term perspective, longs can be looked out for, keeping in mind that they would be counter trend trades, most likely.
Note
1H : Went up precisely as expected : Trade closed: target reached
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Author : Think with the Markets
Video Course : 50eyes.com/elliott-wave-course
Author : Think with the Markets
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Unmatched 80% plus forecast accuracy for 6 years : 50eyes.com/forecast-accuracy/
Video Course : 50eyes.com/elliott-wave-course
Author : Think with the Markets
Video Course : 50eyes.com/elliott-wave-course
Author : Think with the Markets
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.