Euro / U.S. DollarShort
Expecting a Retrace of the Retrace
EU has reaching the final target around 1.035x. It was in one shot from 9940! (400 pips!). An extension up 1.053x is possible (I doubt it) as Dollar Index still has room to 105.56.
This is supposed to be the end of the Retrace of the Impulsive Wave (Daily TF) which is as well the Initial Wave (Weekly TF).
So the Retrace of the Retrace can go up to 9940.
For the MT/LT, EU should complete this Retrace around 1.088x (Q3 of 2022).
This is supposed to be the end of the Retrace of the Impulsive Wave (Daily TF) which is as well the Initial Wave (Weekly TF).
So the Retrace of the Retrace can go up to 9940.
For the MT/LT, EU should complete this Retrace around 1.088x (Q3 of 2022).
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