EUR/USD Forecast. Elliott waves analysis | 7 November

news_22_feb_2_euro_usdThe previous trading day lacked clear directional momentum. The price declined slightly, but without much conviction. Buyers seized this pause, catching their opponents off guard — and now we see cautious upward movement.

While it’s too early to confirm a trend reversal, the предпосылки are emerging. To gain confidence in buy setups, we should wait for a pullback and then enter on a break of the local high.

This would signal that the corrective double zigzag (which began in mid‑September) has completed, and the currency pair has entered a new phase.

Investment idea: BUY 1.1535, SL 1.1500, TP 1.1600.

EURUSD: BUY 1.1535, SL 1.1500, TP 1.1600.

Origin: FreshForex

 

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