The EURUSD rally consists of 5 waves so expectations are for a drop and then another leg higher. My ‘guess’ is that a prolonged range is underway from the January high. Markets oscillate between trending and ranging periods and EURUSD has been trending higher since March 2020. A reset of sorts is needed in the form of a range. For now, pay attention to 1.2030/50 for support. Visit scandinavianmarkets.com/news/ for more!
Director of Technical Research at Krilogy, author Sentiment in the Forex Market
Twitter: twitter.com/jamiesaettele
Website: krilogy.com/
Twitter: twitter.com/jamiesaettele
Website: krilogy.com/
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.
Director of Technical Research at Krilogy, author Sentiment in the Forex Market
Twitter: twitter.com/jamiesaettele
Website: krilogy.com/
Twitter: twitter.com/jamiesaettele
Website: krilogy.com/
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.