EUR/USD is moving into resistance

Gregor Horvat Wavetraders

EURUSD has been in a nice and strong recovery from 0.9730 from where we can count five waves up, so wave (C)/(3) might have come to an end especially if we consider a divergence on the RSI. As such, a minimum of three waves of a pullback can be in play down from 1.06-1.07 resistance based on two 4h wave counts. Support is at 1.03-1.02.

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Author

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

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