The overall trend of EUR/USD appears upward when observed from a higher time frame, indicating that the 4th wave has completed and the 5th wave is in formation. Within the main 5th wave, sub-waves are developing, and it seems we are currently in the sub-wave of the 5th sub-wave. Once this sub-wave completes, the main 5th wave is also expected to complete.
The invalidation level for this structure is at 1.10920. If the upward move continues as expected, potential targets could be seen around 1.14683 and 1.15894
The invalidation level for this structure is at 1.10920. If the upward move continues as expected, potential targets could be seen around 1.14683 and 1.15894
Trade closed: target reached
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.