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Euro / U.S. Dollar
Long

EURUSD in Correction Phase (1.0500) for Bullish Outlook (1.0800)

By JagadishSinghR
Updated
EURUSD is in the Correction phase for future Long Bullish to come, until it not Breakout and close the previous month Low(1.04880). So, if the EURUSD BOS the 4hr high it will be long bullish until to 1.08000.
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Done its Correction phase and heading to Towards Target(1.08000). It may get small pullback in middle, but the Final destination is EURUSD is going into Long Bullish Trend.
Note
Done its ABC correction on 15min..now, it may continue for bullish breakout of the 4h market structure.
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4hr Break of Structure done, EURUSD is doing its zigzag correction for Long Buy Target towards 1.8000. Happy Trading, Trade Safe.
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Heading towards the target.
abcpatternElliott WaveelliotwaveanalysisSupport and ResistancesupportandresistancezonesTrend Analysiswave2correction
JagadishSinghR
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