10-6-2016 3-44-32 AMTrend is bullish in EUR/USD currency pair in 15 minutes time frame. Short term support is present at 1.1165 price level. Based on Elliott wave analysis, I expect price to rise up towards 1.1245 price level in next coming trading hours.

As long as price stays above 1.1165 support level, a good idea is look for a buy trade and join an up trend. However; if price of EUR/USD currency pair breaks below 1.1165 key support level then Bullish Elliott wave count becomes in-valid

In such market scenario, I would prefer to stay out of the market and re-analyze the price action in EUR/USD currency pair in fifteen minutes chart.

 

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