Euro / U.S. DollarShort
EURUSD Elliott Wave
Updated
Hello friends
In the EURUSD currency pair, we are witnessing the formation of a 5-wave bearish pattern, which indicates a decrease in the value of the euro and an increase in the value of the dollar (due to President Trump's policies in the future).
This 5-wave bearish wave is completing wave 5 of 5.
This means that the price decrease will continue for now.
This decrease to the 1.0200 range is certain.
But after the White House is handed over to Trump and the cabinet is determined, the price will increase and we expect the price to grow in a corrective wave and then we will see further price declines.
Good luck and be profitable.
In the EURUSD currency pair, we are witnessing the formation of a 5-wave bearish pattern, which indicates a decrease in the value of the euro and an increase in the value of the dollar (due to President Trump's policies in the future).
This 5-wave bearish wave is completing wave 5 of 5.
This means that the price decrease will continue for now.
This decrease to the 1.0200 range is certain.
But after the White House is handed over to Trump and the cabinet is determined, the price will increase and we expect the price to grow in a corrective wave and then we will see further price declines.
Good luck and be profitable.
Trade active
We have reached the first target (sell trade) and are waiting for the price to move in a zigzag pattern to reach the next target, which is a buy trade.
Good luck and be profitable.
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.