EURUSD Analysis August 15, 2020

Waiting for market to reject from resistance level to confirm Wave D. Once Wave D is confirm then Wave E is also confirmed with a Fibonacci Retracement from Wave D then we may see a bullish market to target 1.22000. Therefore we may have a short sell from Wave D to Wave E then a buy from Wave E to target 1.22000 or higher to complete the 5th Wave in the Wave Elliott Pattern. As the 5th Wave in the Wave Elliott Pattern must close above the 3rd Wave.