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EURUSD, Elliot Wave Analysis
1/9/2023 10:38 AMGrowth is possible.
On the daily chart, the downward wave of the higher level А ended, within which the fifth wave (5) of А formed, and the development of the upward wave B started. Now, the first entry wave 1 of (А) of B is forming, within which the third wave of the lower level iii of 1 has developed, a local correction has ended as the fourth wave iv of 1, and the development of the fifth wave v of 1 is starting. If the assumption is correct, the EUR/USD pair will grow to the area of 1.1000–1.1196. In this scenario, critical stop loss level is 1.0485.
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