ew-forecast

EW ANALYSIS: EURUSD Can Be Headed Back To 1.18!!

FX:EURUSD   יורו / דולר אמריקאי
Hello traders!
Today we will talk about EURUSD before tomorrows Congressional Elections, so something big can be preparing.
What we see is that EURUSD bounced exactly from 1.1300 strong psychological support level for the second time, which looks like a potential double bottom formation?!
Not only this, even our primary tool Elliott Wave suggests more upside within a big (A)-(B)-(C) regular 3-3-5 correction, where wave (C) is still missing.
That said, we can expect another five-wave rally within wave (C) back to 1.18 area to complete the corrective pattern!
If from any reason breaks below 1.13, then we may adjust the view.

Good luck and trade well!

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