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EURUSD found a support yesterday and turned up above 1.3870 that can be a bullish signal, but for confirmation it's too soon as rally from 1.3745 is not in five waves. For now it's in three legs so it can either be start of an impulsive structure or wave (x) of a complex correction. In either case we have to wait more time as pair is still sideways on "no man's land". We however prefer the bullish scenario because of the larger trend that is still up, but based on current wave structure market is definitely not worth of money at this stage. Be patient. EURUSD 4h Elliott Wave Analysis
More Details at: "Elliott Wave Live Market Analysis" Webniar Video Coverage: USDJPY, GOLD, EURUSD, USDCHF, EURGBP, CRUDE OIL, EURJPY
Gregor Horvat is based in Slovenia (Central Europe) and has been in Forex market since 2003. He is technical analyst and individual trader who also provide a lot of articles and trade plans based on the Fibonacci and Elliot Wave principle.
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