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Expect further bullish correction towards 1.18342.

Expect further bullish correction towards 1.18342. | 06 April 2021

06 April 2021, EUR/USD

We're expecting further momentum towads 1.16242.

Wave Analysis

Yesterday, Euro pulled back to the upperside but i still several points below 1.18343. As it is now, we are looking for further correction to he upperside and could see price break above 1.17910 towards 23.6% fib level. A breakout above 23.6% fib level will push the price much higher with the next ideal target set at 38.2% fib level. And on the flipside, should the price breakout below 1.17130, then we may be looking for a possible rally much lower with our next target set at 1.16242.

Trade Recommendations:

Expect further bullish correction towards 1.18342.

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