Hellena | EUR/USD (4H): Long to 100% Fibo 1.09816.

Dear Colleagues, price has made a deep correction and now I suppose an upward movement has started. Wave 1 and corrective wave 2 (1.08695) have been formed, which can still update the low a bit, but if wave 3 has already started its movement, then I expect the price in the area of 100% Fibonacci extension at 1.09816.

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Comment:

The price showed a deeper correction than I expected and tested the more forked support area at 1.08214. I do not cancel this forecast, because I suppose that the price will resume the upward movement and will rush to the target of 1.09816.
The price gives us an opportunity to enter a long position more favorably.