EURUSD - after ((X)) or 1 ended - (a)(b)(c) down alt:1/2, 1/2

price moves in a corrective way (inside channel) - zigzag (a)(b)(c) down -
next wave C - first target area 1.1940 (a)=(c)

alternative count: 1/2 (i)(ii)- 1/2 i-ii

let see price evolution

Note

it seems price are losing momentum MACD shows divergence

we have to consider evidence of short time invertion of the downtrend (a)(b)(c) if price cross over
1.2012 key level
1.2027 critical level

francescoforex

Related publications

EURUSD - motive wave down - after ((X)) or 1 ended

by francescoforex

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.