EURUSD

An explanation on the ongoing decline of EURUSD :

On this frame of daily chart, after an ending diagonal as the wave C of (E), EURUSD has developed an impulsive five-waves sequence down, which its fifth wave has extended.

Currently, it appears that it is searching its low around the current levels, as an extreme point for the overall five-waves decline.

EURUSD - Daily

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s