Medium term trade.
TimeFrame = 4Hrs
Signal = BUY market price.
Risk Reward Ratio =Between 0.0 to 0.5
Short term target for Extended SubMinutte Wave v at 1.4200 area for 1st target and 1.4400 for 2nd .
Stop Loss at 1.3820 area.
EUR/USD Elliott wave Analysis :-
Euro has made a bullish rally since 1.3400 and just few days back it touched our previous EUR/USD target and break a new record high >1.4000 barrier.Since then market traded above that level.
For our latest EUR/USD signal we expect a minimal expansion for the first target (1.4200) and if market still pushing Euro then we could see extended wave v reached at 1.4400 area.
Still there is a BIG possibility of trader having their 1.4000+ earning pulled out.If that happen we could see first EUR/USD correction towards wave a , b and c as illustrated below :-
By: Elliot Waves Signal Prognosis