EURUSD preparing for a long set-up.
After the bullish advance on the euro dollar, to me it seems like price is going to advance higher. On this analysis I have checked a possible way to join the bulls. As far as it looks, the short term trend is bearish and the recent turn in price might mean the bulls are taking over.
Using the Elliot Wave Theory to make my assumptions, it shows that primary wave (5) might have ended at the 78.6% level and now prepared to correct before advancing further.
Using the Elliot Wave Theory to make my assumptions, it shows that primary wave (5) might have ended at the 78.6% level and now prepared to correct before advancing further.
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