EURUSD: Elliott wave analysis and forecast for 17.12.21 – 24.12.21
Main scenario: consider short positions from corrections below the level of 1.1500 with a target of 1.1140 – 1.0988.
Alternative scenario: breakout and consolidation above the level of 1.1500 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. The third wave of a smaller degree (iii) of c must be forming in the H4 chart. In the hourly timeframe, wave... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/jteO2
