EURUSD: Elliott wave analysis and forecast for 19.02.2021 – 26.02.2021
Main scenario: consider short positions from corrections below the level of 1.2345 with a target of 1.1691 – 1.1489.
Alternative scenario: breakout and consolidation above the level of 1.2345 will allow the pair to continue rising to the levels of 1.2500 – 1.2600.
Analysis: Presumably, the first wave of larger degree 1 of (3) finished developing on the daily time frame, with wave v of 1 formed inside. Apparently, a downside correction is developing as wave 2 of (3) on the H4 time frame, with wave a of 2 formed inside. Wave b of 2 appears to be developing on... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/5aaQ
