E EUR/USD Making A Recovery

Price formed a triangle correction of a lower degree within wave iv), that caused a drop down into a fifth wave last week, to 1.1660 level that we highlighted it as a potential support. The market turned up slightly on Friday from that zone which may lead to more euro recovery, but for an important uptrend continuation, we still need an impulsive reaction of a higher degree up to 1.1850/70.

EUR/USD, 4H

 

 

Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.

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