Longer term possibilities.
Showing two different 12345 impulses down.
1.16 looks quite achievable per Fibonacci extensions,
and quite normal to retrace to around wave 4 of impulse up.
1.12 is plausible, if US FED keeps hiking and ECB keeps stalling.
All in all, I think EURO is way overpriced and need a significant correction
Showing two different 12345 impulses down.
1.16 looks quite achievable per Fibonacci extensions,
and quite normal to retrace to around wave 4 of impulse up.
1.12 is plausible, if US FED keeps hiking and ECB keeps stalling.
All in all, I think EURO is way overpriced and need a significant correction
Note
.Considering the downward velocity, I am removing the ''less bearish'' count in favor of the remaining one in dark red below. The final target still looks good to me.
Note
Looks to be on track, although Friday will not move much more? -
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Zoomed in fibs on smaller tf
Note
I have posted an updated long term plan (looking for 1.07) here:
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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.