Has EURUSD started an uptrend?
Updated
The EURUSD chart in the weekly time frame seems to show a diametrical pattern, which is currently completing wave (E).
Considering that the wave (E) itself is a diametrical one, probably more time should be passed before the movement of the wave (F) starts.
If the price crosses the resistance of 1.24369, the analysis is no longer valid
Considering that the wave (E) itself is a diametrical one, probably more time should be passed before the movement of the wave (F) starts.
If the price crosses the resistance of 1.24369, the analysis is no longer valid
Note
The analysis of Euro was posted on the site at 1.05403 in the monthly time frame and it grew up to 1.12757. In my opinion, the growth of the first part of the F wave is not over yet, and probably the euro will grow against the dollar from these current ranges.
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.