EURUSD: Elliott wave analysis and forecast for 28.04.23 – 05.05.23
Main scenario: consider long positions from corrections above the level of 1.0960 with a target of 1.1300 – 1.1500.
Alternative scenario: breakout and consolidation below the level of 1.0960 will allow the pair to continue declining to the levels of 1.0835 – 1.0784.
Analysis: a bearish wave of larger degree A is presumably completed on the daily chart, with the fifth wave (5) of А formed as its part. A bullish wave B started developing. On the H4 chart, apparently, the first wave of smaller degree 1 of (A) of B finished forming, and a downside correction is completed as... Read full author’s opinion and review in blog of #LiteFinance https://bit.ly/3NkP6UI
