Alexia, hello everyone!
The EUR/USD exchange rate is hovering around 1.0710 during the Asian trading session on Thursday. This currency pair lacks direction and momentum, resulting in an unclear trend. However, the Euro remains in positive territory following conflicting economic data from the Eurozone and Germany.
From the 4-hour chart, we can see that a 5-wave Elliott correction has occurred during yesterday's trading session. Therefore, ALEXIA is anticipating a significant price decline as the EUR cools off from lackluster trading around the 1.0710 .
The EUR/USD exchange rate is hovering around 1.0710 during the Asian trading session on Thursday. This currency pair lacks direction and momentum, resulting in an unclear trend. However, the Euro remains in positive territory following conflicting economic data from the Eurozone and Germany.
From the 4-hour chart, we can see that a 5-wave Elliott correction has occurred during yesterday's trading session. Therefore, ALEXIA is anticipating a significant price decline as the EUR cools off from lackluster trading around the 1.0710 .
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