My vision where go price on Elliot waves.
Now we on bullish trend but it can change to bearish.
Wave 5 is not finnish yet what will be next correction or we break zone 1.138-1.14 and price go upper.
Wave Indicator shows momentum slowing down, hinting at a potential reversal.
Price has peaked and is stalling around 1.13649, suggesting resistance.
Support/Resistance Levels
Resistance: 1.1380 region .
Support: Around 1.122, which is:
A key Fibonacci level.
Likely target for the end of wave C in the correction.
Fundamental Analysis
ECB monetary policy: If the ECB signals dovishness (rate cuts or economic concerns), EUR weakens.
Eurozone inflation: Higher inflation can support EUR via hawkish ECB tone.
German economic data: Weak data = EUR bearish.
U.S. Side (USD)
Federal Reserve policy: If Fed holds rates higher for longer, USD strengthens.
U.S. inflation, jobs data: Strong numbers support the dollar.
Now we on bullish trend but it can change to bearish.
Wave 5 is not finnish yet what will be next correction or we break zone 1.138-1.14 and price go upper.
Wave Indicator shows momentum slowing down, hinting at a potential reversal.
Price has peaked and is stalling around 1.13649, suggesting resistance.
Support/Resistance Levels
Resistance: 1.1380 region .
Support: Around 1.122, which is:
A key Fibonacci level.
Likely target for the end of wave C in the correction.
Fundamental Analysis
ECB monetary policy: If the ECB signals dovishness (rate cuts or economic concerns), EUR weakens.
Eurozone inflation: Higher inflation can support EUR via hawkish ECB tone.
German economic data: Weak data = EUR bearish.
U.S. Side (USD)
Federal Reserve policy: If Fed holds rates higher for longer, USD strengthens.
U.S. inflation, jobs data: Strong numbers support the dollar.
Trade active
At weekend wasnt important news.Note
Wave 5 can be complectedTrade closed manually
Update will be soon.Wave A not finnished yet
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.
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.