On Feb 7th EURUSD confirmed the existing bullish tendency with a strong upswing, thus coming out of the price range of wave level H4. Yesterday the currency pair formed wave A H1 and then started forming a retracement pattern of H1.
The forming of this pattern will be continued during today’s European session, until the wave level of the retracement reaches the level corresponding to the previous upswing.
According to the SRP Department of , M15 is the most suitable timeframe to monitor the situation.
