EURUSD Elliott wave analysis : King dollar Q1 2021
In corona virus crisis euro is making higher high.
It is trading on the top of 5th impulsive wave inside a yellow parallel channel.
correction to five impulsive wave can go to low of 4th wave and lower trend line of channel
low of 4th wave is blow 38% retracement major support near 50% retracement.
horizontal support , parallel channel ,fibonnaci retracement together make a perfect buy zone
(inside big yellow channel there is also red channel which will guide us on intraday time frame.
It is trading on the top of 5th impulsive wave inside a yellow parallel channel.
correction to five impulsive wave can go to low of 4th wave and lower trend line of channel
low of 4th wave is blow 38% retracement major support near 50% retracement.
horizontal support , parallel channel ,fibonnaci retracement together make a perfect buy zone
(inside big yellow channel there is also red channel which will guide us on intraday time frame.
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