EURUSD Chart Technical Outlook looking for rallies to stall inside the supply zone
EUR/USD – the four-hour chart highlights the completed bullish Elliott Wave count (5 waves) at the 1.0888 swing high. That would suggest we are in a corrective formation to the downside.
Bespoke support is located at 1.0784. We have a projected AB support barrier for a Bat formation located at 1.0782. We have a supply zone located at 1.0867-73
Resistance: 1.0867-73 (supply), 1.0888 (swing high), 1.0932 (Jan 24)
Support: 1.0784 (bespoke), 1.0782 (AB), 1.0716 (BAT)*
