This is my Elliott wave idea about EURUSD on the 4 hours chart.
It is mostly progressing as expected.
We are in "sub wave 3(Blue)" of "wave (3)" shown in the Red line.
I think that the “wave (3)” will grow to the levels of 1.090-1.080.
An overview of EURUSD on 1W chart.
An overview of DXY on 1W chart.
I think that “wave 5 (Red)” will be extended.
I think that wave C on EURUSD and wave 5 on DXY will move together.
It is mostly progressing as expected.
We are in "sub wave 3(Blue)" of "wave (3)" shown in the Red line.
I think that the “wave (3)” will grow to the levels of 1.090-1.080.
An overview of EURUSD on 1W chart.
An overview of DXY on 1W chart.
I think that “wave 5 (Red)” will be extended.
I think that wave C on EURUSD and wave 5 on DXY will move together.
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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.