EU is currently stuck between two zones, with no clear direction.
I see two possible paths if it breaks out of the zone:
1) ABC correction is done (blue) and we start heading down with a 1235 impulse wave. Watching the contested 1.15 round to break in which case the Blue path is validated.
or
2) ABC correction is NOT done (green) and we push higher to the 1.16 area. Watching the red zone just above, for a break of 1.15360 for the Green path to be validated.
Will update as price reaches any of my zones.
Background:
My EU adventure started in Jan 2018 with a search for trend top, around 1.25
As that top was forming, I saw the Fibs giving me some clues for down move to start
Once it started moving down, I fined tuned the fibs and a possible target of 1.0700 by end of 2018
And that brings me to the current plan above
I see two possible paths if it breaks out of the zone:
1) ABC correction is done (blue) and we start heading down with a 1235 impulse wave. Watching the contested 1.15 round to break in which case the Blue path is validated.
or
2) ABC correction is NOT done (green) and we push higher to the 1.16 area. Watching the red zone just above, for a break of 1.15360 for the Green path to be validated.
Will update as price reaches any of my zones.
Background:
My EU adventure started in Jan 2018 with a search for trend top, around 1.25
As that top was forming, I saw the Fibs giving me some clues for down move to start
Once it started moving down, I fined tuned the fibs and a possible target of 1.0700 by end of 2018
And that brings me to the current plan above
Note
EU bulls trying to hold 1.15 round number. This should be interesting Note
EU still waffling, but looks like Blue path. Note
Aye Capn, shields held but she can not take nutha attack 
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.