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EURUSD - H4

Well, I start with the five main Elliott waves, which, as you can see, are over and the correction waves are hitting. The first correction wave is over and is in the second correction wave, which is going up. The price is in a symmetric triangle. It is likely to break from the top and move up to the price of 122700, which is also the randy number and the price has hit it several times. We also see a pattern of head and shoulder that causes the trend to reverse. These two scenarios are facing the euro against the US dollar. We have to wait for the completion of the head and shoulder movement, and after the completion, we can give the possibility that the trend will be positive, and if the scenario changes and moves down and the triangle breaks down, the price is expected to drop to 12,600. We have to go down in time and find the exact entry point. This is an analysis and not a buy or sell signal.



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