OANDA:EURUSD   Euro / U.S. Dollar
The trend is downward.

On the 4-hour chart the wave A is forming within the downward correction (2) of the higher level. At the moment the fifth wave v of A, within which the third wave of the lower level ( iii ) of v is developing, is forming. If the assumption is correct, the pair will fall to the levels of 1.1670–1.1600. The level of 1.1856 is critical for this scenario.

Main scenario

Short positions will become relevant below the level of 1.1856 with the targets at 1.1670–1.1600.

Alternative scenario

The breakout and the consolidation of the price above the level of 1.1856 will let the pair grow to the level of 1.1905.
Register on LiteForex site and get more analysis https://www.liteforex.com/?uid=880952068&cid=12118


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out