EURUSD wave E in progress
Updated
The EURUSD is in a three wave pattern higher for wave E in this daily triangle consolidation.
We are most likely close to the high for (a) and after a wave (b) consolidation we can buy EURUSD again for wave (c) higher.
So far all wave 'b' consolidations in this triangle were relatively deep and we can therefore also look to short once wave 'a' is in place.
Updates will follow
We are most likely close to the high for (a) and after a wave (b) consolidation we can buy EURUSD again for wave (c) higher.
So far all wave 'b' consolidations in this triangle were relatively deep and we can therefore also look to short once wave 'a' is in place.
Updates will follow
Note
So far all wave 'b' consolidations in this triangle were relatively deep and we can therefore also look to short once wave 'a' is in place. We see the anticipated move lower and if wee see a consolidation by means of a bear flag we can sell the EURUSD once again. However I still favor a leg higher to complete wave C of wave (E).
Only a break below 1.085 indicates the daily triangle consolidation to be over.
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