EURUSD

Bearish Outlook :

The persistent market’s selloff in this week indicates the Euro’s bearish stage that Intermediate-degree wave (C) have begun its way down. A continued decline below 1.04649 will unfold the entire pattern since July 2008, ultimately as a [W – Triangle X – Y] correction.

The expected target for decline in the wave (C) is around 0.95318, where equals 0.618 times the length of the same degree wave (A).

EURUSD - Weekly

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 )

Google photo

You are commenting using your Google 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 )

Connecting to %s