Category Archives: EURUSD – Daily

EURUSD

There is no change in the prior short-term forecast. Euro has the same differing options for the entire correction as Intermediate wave (B), which can take as the U.S. dollar but flipped over.

The counter-trend rally in Minor wave C could be in place, to get to more complexity in its structure and last longer than it has so far.

EURUSD - Daily

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EURUSD

Short-term Uptrend :

Euro has the same differing options for the entire correction as Intermediate wave (B), which can take as the U.S. dollar but flipped over.

The rally in the week indicates that upward correction in the Minor wave C is in place yet, to get to more complexity in structure and last longer than it has so far.

EURUSD - Daily

EURUSD

Bearish View :

There is no change in the Euro’s bearish view, too.

The Minor-degree wave D would achieve the Fibo-expansion targets at 1.07885 and 1.06468, in a three-wave structure. Euro should hold under the mid-March high at 1.13423, during the entire process of decline in Minor-degree wave D.

EURUSD - Daily

EURUSD

Bearish View :

Euro may have started to decline in the final subdivision of Minor-degree wave D down of the triangle wave (B).

The wave D would achieve the Fibo-expansion targets at 1.07885 and 1.06468, in a three-wave structure. Euro should hold under mid-March high at 1.13423, during the entire process of downtrend in Minor-degree wave D.

EURUSD - Daily

EURUSD

Euro may have started the decline in final subdivision of Minor-degree wave D down of the triangle wave (B).

The wave D would eventually achieve the Fibo 0.618 expansion level at 1.06468, in a three-wave sequence. (wave D = 0.618 wave B, a common relationship between the same direction subwaves of a triangle.)

EURUSD - Daily

EURUSD

Bearish View :

Yesterday’s 3.6 percent countertrend rally of Euro, could have completed the second wave of Minor-degree wave D down of the triangle wave (B). As noted in the prior posts, Euro would still remain in the process of correcting in triangle wave (B) over the months ahead.

The current decline in wave D would eventually achieve the Fibo 0.618 expansion level at 1.06468, in a three-wave sequence. (wave D = 0.618 wave B, a common relationship between the same direction subwaves of a triangle.)

EURUSD - Daily