Elliott Wave Analysis: EUR/USD Trades In Zig-zag; More Upside In View

On the updated count of EUR/USD we see price trading in a possible zig-zag correction of a higher degree, with waves A and B already completed. Current bullish rally is part of wave C, that may see more gains in sessions ahead, ideally towards the upper channel line. At the moment we see price trading in the strongest and steepest sub-wave 3) of C so more gains may follow in the next couple of sessions. Invalidation level is at 1.0600 level, as long as it holds we are looking higher.


EUR/USD 4-Hour Chart

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