EURUSD currently completes its Elliot correction wave of C which is further signalling the buyers are in near term control
From the current level 1.10000 which is a major psychological level, We can open long positions
Primary target would be 1.11400, Which is recent resistance level
Stop lose may placed below the completion of Wave C
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.096.
But the short term forecast is range bound, so we expect to reach the following targets:
Set the stoploss of these orders at breakout of S2=1.093.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...