EUR/USD Elliott Wave Analysis Eyes to 1.1700 Level

Technical analysis of Forex market

As per Elliott Wave analysis, EURUSD is coming down after Friday’s NFP report, now seems like it’s breaking down into wave 5 targeting that April levels are near 1.1700.

Ideally, the pair will still be looking for some buyers down there when the market may turn up after completed a higher degree (A)-(B)-(C) drop since the start of the year.

EUR/USD 4h Elliott Wave analysis chart