Eurusd Elliot Wave Analysis

Eurusd has been consolidation for months gathering momentum for breakout of the consolidation zone. On the daily chart the pair was rejected from the Fibonacci level of  61%   show that there is  impulse wave correction on the daily chart with wave1 @ 1.22130 and wave2 @ 1.23998 extension of wave3 will be @ 1.19732, the pair will be moving bearish-trend to support level of  1.19501.

Entry Details
sellstop@ 1.22980
stoploss@1.23801
Takeprofit@1.20001

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