EURUSD: Elliott wave analysis and forecast for 24.12.2021 – 31.12.2021
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 its part. Apparently, the third wave of smaller degree (iii) of c continues forming on the H4 chart, with wave iii of (iii) completed inside. Corrective... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/jtrxE
