The euro continued to move lower throughout the first half of the day, but then it reversed toward the upside 2 pips before it reached the upper boundary of our proposed support range.

Though Long run looks more Bullish than Bearish. This, along with the facts that price has hit support and that the wave pattern looks complete, all suggest an Upward Trend , and a long Term Buy ,

By moving above 1.1975 and then 1.2052, EUR/USD is expected to continue moving toward the upside to reach between 1.2060 and 1.2150, while it remains above 1.1862 and ideally above 1.1915.

Hourly Main Count
– Invalidation Point: 1.1862
– Confirmation Point: 1.1975 – 1.2052
– Upward Target: 1.2060 – 1.2150