Elliott waves analysis – We’re long towards 1.24845

EURUSD – Up

We're long towards 1.24845

Wave Analysis

During the previous trading day, euro pulled back slightly to the lower side but is still above the weekly supportive zone 1.16067-1.14595. We went long previously around 1.16067 and is still holding onto this position. Our expectations is that the price should continue to the upper side with an ultimate target at 1.23270. If you’re not already in a long position, you could wait for a slight pullback to the lower side to pick a low risk long position with your first target at 1.20675 and the next at 1.24854

Trade Recommendations:

We’re long towards 1.24845

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