Currently EURUSD seem to be in the 4th Wave of a 5 Wave down move, since Wave 4 is generally complex by nature, one can expect a little sideways activity before the next leg down.
On the upward side the current movement should be restricted to 1.08328 (38.2% Retracement), however it is also possible that it might reverse from the 23.6% retracement mark itself.
The downside targets can be much clearly projected after a clear break of level 1.03520 mark.
In all I think that the strategy is to sell on highs.
On the upward side the current movement should be restricted to 1.08328 (38.2% Retracement), however it is also possible that it might reverse from the 23.6% retracement mark itself.
The downside targets can be much clearly projected after a clear break of level 1.03520 mark.
In all I think that the strategy is to sell on highs.
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Author : Think with the Markets
Video Course : 50eyes.com/elliott-wave-course
Author : Think with the Markets
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.
Unmatched 80% plus forecast accuracy for 6 years : 50eyes.com/forecast-accuracy/
Video Course : 50eyes.com/elliott-wave-course
Author : Think with the Markets
Video Course : 50eyes.com/elliott-wave-course
Author : Think with the Markets
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.