EUR/USD is again testing support at 1.0835. A break below here will confirm that wave B is complete and wave C lower to the ideal target area between 1.0437 - 1.0500 is in progress. Short-term we see minor resistance near 1.0873, which ideally will cap the upside for the expected break below support at 1.0835 for the final decline in wave C of 4 towards the 1.0437 - 1.0500 area, from where wave 5 higher can take over.
Relevance up to 05:00 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
