Euro / U.S. Dollar
Long
Updated

Hellena | EUR/USD (4H): long to resistance area is 1.06396.

2 204
Dear colleagues, I assume that in the coming week the price will make an upward movement and will reach at least the target of 1.06396. Then I expect the high to be updated and the completion of wave 3.

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Just like on GBP the price showed a good growth! I expect a small correction and then growth again. It is quite possible that this week the price will not reach the target, but the main thing is that the direction is correct!
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It is possible that the price will update the nearest local low of 1.04963 and reach the area of 1.04545, which is not beyond the scope of my forecast, but in this case its realization will stretch into the next week. Watch for updates and put your trades to breakeven!
snapshot
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I'm guessing we won't wait for the script to be finalized this week. But the price is heading towards the target of 1.0639. The dollar is weakening and the wave analysis confirms it. Today we may see an update of the local low in the area of 1.05500.
snapshot
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Dear Colleagues, I believe that next week the scenario will materialize and price will come to its targets. At the moment I see that the correction to the area of 1.05400 is possible. Don't forget to put trades to breakeven!
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Well done!
snapshot
Trade closed: target reached
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Dear colleagues, I would like to point out that wave 3 is usually longer than wave 1. I believe that the price will still update the maximum and complete wave 3.

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