The bullish outlook :

EURUSD has corrected 38 percent of the extended wave iii(circled) of wave C, and probably is going sideways in the triangle wave iv(circled).

Note : I’ve treated prior explanation of the wave C, by counting its third wave as a completed wave.

The immediate outlook is sideways in anticipation of the minute degree fourth-wave remains in progress. The broader outlook is bullish in anticipation of continue to rise with potential of the fifth-wave ahead of the ongoing wave C.

EURUSD - Intraday 240EURUSD - Intraday 600


Leave a Reply

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

You are commenting using your 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