Technical Analysis EUR/USD

The fx pair is in a sustainable uptrend on Daily TF and in longer term minimum one new high is expected in a third wave after a bigger correction. H8 is decelerating. For longer distance it is good to expect new highs. But this can give good shorts also if the ongoing corrections become complex. H2 is in correction and still didn’t give sign for turn. The market getting closer to the corrections end therefore better to be ready for the expected LONG with the TP of R1. Around the first resistance level attention will be needed because the higher TFs (like H8) can change the direction again to form a higher and more complex correction.
Opening a position: in every M15 pullback end to the given directions. Every time it is important to take care for the contexts.