EUR/USD Elliott Wave Aanlysis

Amir Khedri Independent Analyst

EUR/USD is going to drop to 1.12 as the fifth wave and this bearish wave should be considered as the last bearish wave. 1.12 will be a massive support zone, which probably will prevent this pair from falling more.

So, at first, we expect EUR/USD to fall to 1.12 (as the fifth wave) and then, it will start to rise and the major trend will be changed to bullish and 1.18 will be the first target.

Author

Amir Khedri

Independent Analyst

Amir Khedri, the FX market analyst, lives in Tehran (Iran).

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