The pair EUR/USD remains likely to grow. Estimated pivot point is at a level of 1.1240.
Main scenario: consider long positions from corrections above the level of 1.1240 with a target of 1.1490 – 1.1723.
Alternative scenario: breakout and consolidation below the level of 1.1240 will allow the pair to continue declining to the levels of 1.1175 – 1.1097.
Analysis: Supposedly, a descending correction of larger degree finished developing on the daily time frame in the form of wave 2 and the third wave 3 started developing. On the H4 time frame the first counter-trend wave 1 of (3) is…
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