EURUSD: Elliott wave analysis and forecast for 05.11.2021 – 12.11.2021
Main scenario: consider short positions from corrections below the level of 1.1692 with a target of 1.1390 – 1.1287.
Alternative scenario: breakout and consolidation above the level of 1.1692 will allow the pair to continue rising to the levels of 1.1910 – 1.2269.
Analysis: Daily chart: the first wave of larger degree 1 of (3) is formed, and a downside correction continues forming as wave 2 of (3), with wave c of 2 unfolding as part of it. Apparently, the third wave of smaller degree (iii) of c is formed, and a local correction has finished developing as wave (iv)... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/j1XFY
