EUR/USD Trading In A Big Correction; Current Wave C In Motion

On the updated count of EUR/USD we see the price trading in a possible zig-zag correction of a higher degree, with waves A and B already completed.

On the updated count of EUR/USD, we see price trading in a possible zig-zag correction of a higher degree, with waves A and B already completed.

The current bullish rally is part of wave C, that may see more gains in sessions to follow, ideally towards the upper channel line.

At the moment we see price trading in the middle of the strongest and steepest wave 3. Invalidation level is at 1.0600 level, as long as it holds we are looking higher.

EURUSD, 4H

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