EUR/USD: Wave analysis and forecast for 05.08 – 12.08.

Forex analytics:Estimated pivot point is at the level of 1.0950. Our opinion: Buy the pair from correction above the level of 1.0950 with the target of 1.1345. Alternative scenario: Breakout and consolidation of the price below the level of 1.0950 may trigger further decline in the pair to 1.08. Analysis: Presumably, the formation of the upward correction as the wave b of 2 continues. It seems that ...