EUR/USD was correcting last couple of weeks and finished a week right on top of a nice support. It is currently in 4th wave, which is forming a flat correction pattern, i.e. not expected to be too deep, currently between 32%-50% levels.
I will not be surprised if EUR/USD starts rising at Monday open. Moving above the last local peak at 1.125 would confirm the completion of the correction.
I would abandon the idea at 1.11 level
I will not be surprised if EUR/USD starts rising at Monday open. Moving above the last local peak at 1.125 would confirm the completion of the correction.
I would abandon the idea at 1.11 level
