EURUSD - BUY IDEA
The EURUSD chart is showing a potential long setup based on Elliott Wave analysis. It suggests that wave (4) may have completed, and wave (5) could push higher towards the Fibonacci targets. The first target is at 1.12578, corresponding to the 1.0 Fibonacci extension, and the second target at 1.14009, which is the 1.618 Fibonacci extension.
This setup implies a bullish trend continuation, with potential long opportunities around the current levels. Stops might be placed below the recent wave (4) low to manage risk while aiming for the Fibonacci extension targets.
This could be a good opportunity for a long trade with careful risk management based on the projected wave structure.
This setup implies a bullish trend continuation, with potential long opportunities around the current levels. Stops might be placed below the recent wave (4) low to manage risk while aiming for the Fibonacci extension targets.
This could be a good opportunity for a long trade with careful risk management based on the projected wave structure.
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