EURUSD: Elliott wave analysis and forecast for 23.04.2021 – 30.04.2021
Main scenario: consider long positions above the level of 1.1846 with a target of 1.2104 – 1.2238 once the correction formed.
Alternative scenario: breakout and consolidation below the level of 1.1846 will allow the pair to continue declining 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 has formed and ascending wave b of 2 is developing on the H1 time frame. Supposedly, wave of smaller degree (a) of b... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/6hy5
