Euro / U.S. Dollar
Long
Updated

Hellena | EUR/USD (4H): LONG to the resistance area 1.14048.

1 198
Dear colleagues, it appears that this week started with a downward movement. It was decided to replace the last forecast with a new one, because the price is updating the minimum of wave “4”, now the formation of wave “c” of medium order is taking place.
I believe that the upward movement to the area of 1.14048 will start again and we have 2 options:
1) market entry
2) working with pending limit orders closer to the 1.09794 area.

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It is likely that wave “4” has been formed. I would prefer to place pending limit orders at the lower levels in case the price does update the 1.11000 level.
At the moment, I am set for the continuation of the upward movement.

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