EURUSD the waves algorithm / Target - support level

18 nov 2020

Okay, we have already talked about the fact that this currency pair is characterized by movement in waves (to fall and rise).
As a rule, there are 2 or 3 of them (if you do not take into account the rollback).
I marked the last two waves (growing) on ​​the chart.
My last prediction came true in the growing wave.

And given my last review article, you can see this pattern and more examples.

Therefore, now we can expect the next wave of price decline.
I expect the price to return to a strong support level.
The target is support level 1.151.

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