Euro: EURUSD Will Move Higher – Elliott Wave Analysis

EURUSD
Euro (FX: EURUSD) moved nicely higher yesterday after the ECB press conference that finally sent EURUSD out of the range. As such, we believe that Euro will continue higher within current wave (v) towards 1.3680. Once those levels are tested we need to be aware of a bearish reversal in minimum three legs. As per Elliott Wave Principle, after every five waves move correction takes place. But break of 1.3500 price level will suggest that in Euro there is already top in place.