Elliott Wave Analysis: EUR/USD Making A Possible Recovery
Gregor Horvat | Oct 11, 2017 06:49AM ET
Price turned sharply higher in the last couple of trading sessions on EUR/USD and breached nicely above the first swing high of wave iv) at 1.1777 level. We see current rally as an early evidence of a completed three-wave correction and a minimum three-wave recovery to be in progress. That said, once first wave i) finds a top a new temporary correction into the following wave ii) may come in play.
EUR/USD, 4H
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