Euro / U.S. DollarShort
EURUSD - Short Possibility (Waiting for the Corrective Wave 4)
Updated
Currency Pair: EURUSD
Frequency: Daily
Predicted Direction:
Short (Corrective Wave 4)
EURUSD is most likely completed the impulse wave 3 on the resistance level of 1.207/209. The price had a strong retracement after hitting the target above 1.20 the round psychological level. After completing the wave 3, EURUSD will soon to have a corrective wave 4 towards to the first target 1.7280 - 1.16975 (38.2% FIb from Dec 2016). It could be a potential support zone for Wave 5 to be completed. However, if it breaks, then 1.14385 - 1.14000 support zone combining with 38.2 Fib and the descending trend line (Red) would be the second support.
Frequency: Daily
Predicted Direction:
Short (Corrective Wave 4)
EURUSD is most likely completed the impulse wave 3 on the resistance level of 1.207/209. The price had a strong retracement after hitting the target above 1.20 the round psychological level. After completing the wave 3, EURUSD will soon to have a corrective wave 4 towards to the first target 1.7280 - 1.16975 (38.2% FIb from Dec 2016). It could be a potential support zone for Wave 5 to be completed. However, if it breaks, then 1.14385 - 1.14000 support zone combining with 38.2 Fib and the descending trend line (Red) would be the second support.
Note
Note
Perfectly hit the first support zone of 1.7280 - 1.6975. Waiting for more signals to confirm the reversal. 
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