EUR/USD Elliott Wave Analysis: Tuesday’s Intraday Forecast

EUR/USD dipped during the London market. An intraday corrective rally is in place. There is a forecast of a zigzag correction from 1.049. the (a) leg completed at 1.064 yesterday before the (b) dip took over today. More of this dip could be seen to 1.053-1.054 before a rally. The (b) leg is emerging as a zigzag pattern. More rallies to 1.071 could be seen from 1.053-1.054.

EUR/USD 15-Minute Chart

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