EURUSD: Elliott wave analysis and forecast for 26.03.21 – 02.04.21
Main scenario: consider short positions from corrections below the level of 1.1988 with a target of 1.1691 – 1.1489.
Alternative scenario: breakout and consolidation above the level of 1.1988 will allow the pair to continue rising to the levels of 1.2172 – 1.2347.
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 forming inside. On the H1 time frame, presumably, wave (b) of... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/cCAU
