Hellena | EUR/USD (1H): Short to 50% Fibo lvl 1.09544.

Dear Colleagues, I suppose that the price has completed wave 1 and I expect corrective movement in wave 2. It is quite possible that wave 1 will update the maximum a little more, but I will consider only short positions with the aim to reach the 50% Fibonacci level of 1.09544.

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Kommentera:

Dear colleagues, the price continued the formation of wave 1. I expect that the price will start a downward movement, but another update of the high is possible, after which the price will fall to the area of 1.09544.