EUR/USD: Elliott wave analysis and forecast for 09.04.21 – 16.04.21
Main scenario: consider long positions from corrections above the level of 1.1704 with a target of 1.2024 – 1.2104.
Alternative scenario: breakout and consolidation below the level of 1.1704 will allow the pair to continue falling to the levels of 1.1600 – 1.1489.
Analysis: Daily time frame: presumably, the first wave of larger degree 1 of (3) has formed, and a downside correction is forming as wave 2 of (3). Apparently, wave a of 2 is developing on the H4 time frame with wave (c) of a forming inside. On the H1 time frame, presumably, wave (b) of 2 started... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/cFcN
