Small correction and up for EURUSD

Hi traders,

Last week we said there was a possibility that the small wave 2 could make a leg down to the demand area (with confluence of fib 61.8) to grab some liquidity and move higher after that. And once again we were right! We hope you've made some profit.
Now the first wave of wave 3 is ready and we're expecting a small wave 2 correction before the big impulse leg (wave 3 of 3) up. So wait for the correction stops at the demand area which has confluence with fib 50.0 and is also an inverted H&S-pattern and buy again.

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This shared post is only our point of view on what could be the next move in this pair based on our analysis. We do not provide signals.

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Eduwave Trading