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Wednesday, January 24, 2024

Elliott Wave Analysis of EUR/USD - Wave (2) Is Headed For Support at 1,0724

 


EUR/USD - Wave (2) is headed for support at 1,0724

The zig-zag correction from 1,1139 continues to follow the expected path towards support at 1,0724 where I expect wave (2) to complete and wave (3) to take over for a strong rally towards the 1,2800 - 1,2860 area. 

Resistance is now seen at 1,0916 and a break above here will indicate that wave (2) completed early and wave (3) already is unfolding. 




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