EURUSD will probably take the liquidity below 1.0330 and hit a down channel trendline. In Q4 of 2022 the price started at levels over 0.9540 and built strong momentum into the beginning of Q3 2023. From there price started complex A-B-C correction, and now the price is in a C-5 wave.
Our medium term vision for the price is to initially retrace to levels over 1.0750-1.0800 and hit 1.0900 in Q1 of 2025. After that, the price will probably range from 1-2 months and will make another leg up to 1.1200-1.1400 level.
Follow the exact parameters of the signal.
Entry: 1.0350
Stop: 1.0250
Target 1/2: 1.0900, 1.1400
Our medium term vision for the price is to initially retrace to levels over 1.0750-1.0800 and hit 1.0900 in Q1 of 2025. After that, the price will probably range from 1-2 months and will make another leg up to 1.1200-1.1400 level.
Follow the exact parameters of the signal.
Entry: 1.0350
Stop: 1.0250
Target 1/2: 1.0900, 1.1400
Trade active
Entry: 1.0350Stop: 1.0250
Target 1: 1.0900
Target 2: 1.1400
Note
The price took a liquidity below 1.0330, expecting V shape recovery in the next few hours. Trade closed: stop reached
Stop had been reached. Now we open new trade with 1/2 risk targeting same points with stop over 1.0200Note
V-shaped recovery was formed. Expecting range till Wednesday afternoon and till Friday new leg up.Note
Good moment to add to position - buys with stop 1.02730 
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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.