Here is my continuation analysis of EURUSD. Last week I was expecting that EURUSD will go down. It was going down but after reached 1.2135 area EURUSD bounce back again to 1.2205 area. After I recalculated the waves, it turns out that the impulse 5 waves not done yet. With that said, I believe EURUSD will go higher. For today, I believe EURUSD also will do retracement before going to the upside. I am expecting 1.2125-1.2155 area will be the area before EURUSD will start the upside movement again and targeting 1.2325-1.2350 area.
Disclaimer: This is my personal trading setup !! Please use this only for comparison with your own analysis.
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