EURUSD

Sideways Developing :

As shown on this daily chart, Euro should remain in the process of correcting in triangle wave (B) over the coming months.

With respect to the triangle correction as Intermediate wave (B), its Minor waves A, B and C are complete, wave D down is falling now, and wave E up would lie ahead.

The current decline in Minor wave D will likely achieve the Fibo 0.618 expansion level at 1.06468. (wave D = 0.618 wave B, a common relationship between the same direction subwaves of a triangle.)

EURUSD - daily

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