Elliott wave daily EURUSD update
The price movement of the last few weeks requires a change
and update of the wave count
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upward movement from area 1.018/genuary 2025 to area 1.1580/april 2025
looks impulsive - minute wave ((i)).
we are now in a corrective minute wave ((ii))
zigzag or flat or any double
target area 1.1040/1.0800 area
in the very short term level to monitor 1.1500 area
over 1.1500 area a flat correction more likely ( to area 1.1570)
note
FX option expiries for 6 June 10am New York cut
1.1500 (EUR 3.19bn)
1.1400 (EUR 2.38bn)
1.1300 (EUR 1.28bn)
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H4/H1 trend firmy bullish. Next resistence level area is 1.1535. The upward movement from area 1.1065 doesn't look motive so the idea of a flat correction wave ((ii)) is still working. Lets wait and see see what happen in the price area 1.1535 - 1.1575
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.