The EUR/USD counter has broken its downtrend at last.
It witnessed a very steep rally and we expect a new buy trend is on the cards.
But buying at this price is not advisable, so traders can wait for a retracement.
Furthermore, we have indicated the possible up trend formation in our chart here.
As per Elliot wave, an ABC correction is a definite but whether the counter makes an upward move beyond C and create a new bull elliot wave is to be wait and seen.
Kindly follow our updates for more trade ideas.
It witnessed a very steep rally and we expect a new buy trend is on the cards.
But buying at this price is not advisable, so traders can wait for a retracement.
Furthermore, we have indicated the possible up trend formation in our chart here.
As per Elliot wave, an ABC correction is a definite but whether the counter makes an upward move beyond C and create a new bull elliot wave is to be wait and seen.
Kindly follow our updates for more trade ideas.