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EURUSD Elliott Wave Analysis and Forecast for the Week of March 18th to March 25th

The main scenario is to take long positions on corrections over 1.0806, with a goal of 1.1487–1.1690.

Alternative scenario: The pair will continue to fall to levels between 1.0628 and 1.0450 if it breaks and consolidates below 1.0806..

Analysis: daily chart: the first wave of bigger degree 1 of (3) has developed, and wave 2 of the downside correction has appeared (3). On the H4 chart, the third wave 3 of (3) appears to be developing. On the H1 chart, the first wave of smaller degree I of I of 3 is forming, with wave I forming, corrective wave ii of I completed, and wave ii of I developing inside. If the prediction is true, the pair will increase to levels between 1.1487 and 1.1690. In this circumstance, the level of 1.0806 is crucial. Its breakout will cause the pair to tumble to levels between 1.0628 and 1.0450.

EURUSD Elliott Wave Analysis and Forecast for the Week of March 18th to March 25th
EURUSD Elliott Wave Analysis and Forecast for the Week of March 18th to March 25th
EURUSD Elliott Wave Analysis and Forecast for the Week of March 18th to March 25th
EURUSD Elliott Wave Analysis and Forecast for the Week of March 18th to March 25th
EURUSD Elliott Wave Analysis and Forecast for the Week of March 18th to March 25th
EURUSD Elliott Wave Analysis and Forecast for the Week of March 18th to March 25th






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