Forex Trading Analysis
Hello Guys today is Wednesday, August 28th 2024 I am going to analyze Euro USD currency pair let us start the top to bottom elit wave analysis inside the daily time frame the trend is down in euro dollar currency here daily time frame resistance is present at 1.11275 price level price action is most likely going to rise more to complete bullish wave B after that I expect bearish wave C zigzag corrective leg incoming trading days decisive bullish breakout above 1.11275 resistance area is going to end down Trend in the daily chart of Euro versus United States dollar currency pair
At 4hour time frame price action is sprinting higher swing highs and higher swing lows to meet the euro-dollar pair Trend looks up in 4hour time frame
At 1 hour time frame the trend is up in 1 hour chart day support is present at 1.131 price level price action is most likely going to rise to print bullish with five impulse leg which offers a chance to join an uptrend in euro dollar pair a decisive bearish break below 1.131 support level is going to end uptrend in 1-hour chart of Euro versus United States dollar currency pair
More specifically the green color highlighted area offers a buying opportunity which is the previous fourth wave one lesser
