EURUSD breaking higher ahead of ECB- Elliott Wave Analysis

27 Okt 2022

EURUSD is breaking higher, now trading above parity, which is a big bull/bear line so it's important to respect the possibility of further gains into wave C/3. Leg up should then be made by five waves from 0.9635, thus more gains should follow after wave four pullback. Ideally, price will look for 1.02 in sessions ahead, especially if ECB will remain hawkish. Bears trend below 0.987.