EURUSD: Elliott wave analysis and forecast for 15.04.2022 – 22.04.2022

Main scenario: consider long positions above the level of 1.0629 with a target of 1.1184 – 1.1487 once a correction formed. 

Alternative scenario: breakout and consolidation below the level of 1.0629 will allow the pair to continue declining to the levels of 1.0450 – 1.0335. 

Analysis: daily chart: the first wave of larger degree 1 of (3) is formed, and a downside correction appears to be nearing completion as wave 2 of (3). Wave c of 2 appears to coming to its end on the H4 chart, with the fifth wave (v) of c forming inside. Supposedly, the fifth wave… Read full author’s opinion and review in blog of #LiteFinance