EURUSD Looks For Higehr: Elliott Wave Analysis

EURUSD made a nice pullback to 1.3708 in the past few trading days which is probably only a temporary retracement. We see pair moving sideways in wave (iv) within larger incomplete five wave rally, so our bias are bullish here for a push through 1.3832 and probably towards 1.3900. Based on latest price data pair could be forming a triangle if price will remain sideways for few more sessions.

EURUSD 4h Elliott Wave Analysis

Trade Idea: We favour longs as long as pair trades above 1.3700

Written by www.ew-forecast.com