EURUSD: Elliott wave analysis and forecast for 26.11.21 – 03.12.21

Main scenario: consider short positions from corrections below the level of 1.1376 with a target of 1.0988 – 1.0862.

Alternative scenario: breakout and consolidation above the level of 1.1376 will allow the pair to continue rising to the levels of 1.1690 – 1.1910.

Analysis: daily chart: the first wave of larger degree 1 of (3) is formed, and a downside correction continues forming as wave 2 of (3), with wave c of 2 unfolding as part of it. The third wave of smaller degree (iii) of c appears to continue forming on the H4 chart. Wave iii of (iii) is… Read full author’s opinion and review in blog of #LiteForex