Euro / U.S. DollarShort
EUR/USD Bearish - Beginning of Wave 5 on Daily
The 1D Chart shows EUR/USD beginning wave 5, which is the lowest of the impulse waves (in a bear trend -it is the highest in bull market).
This suggests the EUR/USD pair will return to the channel and continue a downtrend towards 1.067-1.041 over the next several weeks.
More EW of this pair in different time periods to be published shortly.
This suggests the EUR/USD pair will return to the channel and continue a downtrend towards 1.067-1.041 over the next several weeks.
More EW of this pair in different time periods to be published shortly.
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.