EURUSD

Similar to the U.S. dollar, but in the opposite direction, the Euro may have completed a flat as Minor wave X of a “Double Zigzag” developing as Intermediate wave (B). In this case, the rise in three waves as Minor wave Y lies ahead, before the end of overall correction as the wave (B).

The bullish outlook on the countertrend pattern still remains now against 1. 05203, through the adjusted target at 1.18602.

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