Updated

EURUSD - Expecting a turn around 1.1310

Price fell nicely as expected.
We should see price turn back up around the 261.8% level.
The following move might be a simple ABC correction, as labeled, or we might start to rally higher again.
In any case, there is no clear possible trade here, for now, there are a lot of easier ones, trade them. I suggest cross pairs.

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Note

Looks like we might be in an ending diagonal here. We should see a correction up to 1.14-1.15 very soon

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Started to go up, this should be a temporary correction but seen how price has been very confusing until now, I would not be surprised if this goes crazy again

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Price went up 3 waves, but that move is way to small to be the anticipated (pink abc) correction and we are seeing a small impulsive wave lower, this means the correction was wave 4 (alt (iv) and we are now in wave 5 (alt (v))

Note

Price came down as expected, touched the 261.8% extension and recovered back up now.
Let's see how price unfolds for this correction.

ElliottWaveBelgium

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ElliottWaveBelgium

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