The complicated Elliott wave puzzle show us, clearly, what the probable entry level will be for a buy limit on EURUSD on the 1h chart.
We are in full subwave III of the major wave 2. A 38% retracement would not fall below the resistance of the top of the wave I.
A perfect fit for a good bullish restart.
Fundamentals:- The rate hike due out in December from the Federal reserve bank in the USA is now old news and the market has long priced in dollar strength. What is coming to light in the Eurozone is the bailout agreement for the U.K. and the European inflation slowly picking up pace. ECB tapering could be on the cards meaning the ECB will be looking at ways to...
Looking fo a D completion of a cypher pattern at 1.14845. if price action hits this point i will be looking for targets at 1.16996 and a second target of 1.18452 these are also backed up by previous structure.