There is a chance of decline in the pair. Estimated pivot point is at the level of 1.3740.
Our opinion: Sell the pair from correction below the level of 1.3740 with the target of 1.33 – 1.30.
Alternative scenario: Breakout of the level of 1.3740 will enable the price to continue growth to the level of 1.40.
Analysis: Presumably, the third wave of the higher level in the medium-term downtrend is being formed. At the moment, the first in-lead wave in the third one has formed and the formation of the upward correction as the second wave is nearing completion. If this assumption is true, and in case the price does not break down crucial level of 1.3740, it will make sense to expect decline in the pair to 1.33 – 1.30 within the third wave.

EURUSD Wave analysis and forecast of 07.02 – 14.02 – 0

EURUSD Wave analysis and forecast of 07.02 – 14.02 – 0