Elliott waves analysis

The euro, caught up in its momentum, shows no intention of giving up easily. Throughout the past trading day, intense battle raged between buyers and sellers. Ultimately, neither side emerged victorious, leaving the price lingering near the previously established high. However, with the arrival of

Following several unpleasant trading days, during which the price fell sharply, a period of calm has arrived, enabling buyers to search for ways to rectify the situation. Having latched onto a support level, the price is growing cautiously. Even the slightest disturbance causes panic, leading to a

A mistake may have been made in the wave analysis of this instrument, necessitating corrections. The observed decline was excessively prolonged, leading to a breach of critical levels. This movement is unlikely to be part of the corrective Wave 4. There is a high probability that this marks the be