EUR/USD - Short-term Bullish - Long-term Bearish
Updated
EUR/USD is trading withing a Complex Corrective ABCDE structure and preparing to finalize the Corrective 4th Wave Cycle.
Primary Wave D was formed out of a Complex Corrective WXY Structure which points out to the fact that the final Wave E within this correction should be limited as per the trend-line and Channel.
According to the Bullish Divergence shown, Wave E might form a Head and Shoulders formation towards the end of Intermediate Wave Y.
Key Levels to watch for this set-up - 1.0825
Short-term Levels - BUY
1.0500 & 1.0400
Long-term Levels - SELL
1.1100 & 1.1300
Primary Wave D was formed out of a Complex Corrective WXY Structure which points out to the fact that the final Wave E within this correction should be limited as per the trend-line and Channel.
According to the Bullish Divergence shown, Wave E might form a Head and Shoulders formation towards the end of Intermediate Wave Y.
Key Levels to watch for this set-up - 1.0825
Short-term Levels - BUY
1.0500 & 1.0400
Long-term Levels - SELL
1.1100 & 1.1300
Note
getting thereNote
we are very near to the Trend-Line ResistanceNote
Note
Preparing the Major SELL:
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