Possible Scenario for EURUSD (ELLIOT WAVES)
For EURUSD we seem to be in a new uptrend with 5 major waves expected to the upside.
Within that 5 expected waves up we are currently completing its Major Wave 1. Within that Major Wave 1 we are still in its Minor Wave 1 which should be ending soon.
Within the Minor Wave 1 we are currently completing its Wave 4 which seems to be unfolding as a Flat Structure. After that we may see a small push up for sub minor Wave 5 to complete Minor Wave 1. Thereafter we will see the deep retracement for Minor Wave 2 followed by the bullish rocket up for Minor Wave 3
Within that 5 expected waves up we are currently completing its Major Wave 1. Within that Major Wave 1 we are still in its Minor Wave 1 which should be ending soon.
Within the Minor Wave 1 we are currently completing its Wave 4 which seems to be unfolding as a Flat Structure. After that we may see a small push up for sub minor Wave 5 to complete Minor Wave 1. Thereafter we will see the deep retracement for Minor Wave 2 followed by the bullish rocket up for Minor Wave 3
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