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EURUSD: Elliott wave analysis and forecast for 12.11.21 – 19.1 | LiteFinance

EURUSD: Elliott wave analysis and forecast for 12.11.21 – 19.11.21

Main scenario: consider short positions from corrections below the level of 1.1610 with a target of 1.1390 – 1.1287. 

Alternative scenario: breakout and consolidation above the level of 1.1610 will allow the pair to continue rising to the levels of 1.1690 – 1.1910. 

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. On the H4 chart, the third wave of smaller degree (iii) of c appears to have formed , a local correction finished... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/jYzkc