spicer

spicer

It appears to me that EU is completing leg four of wave one in a multi-year uptrend.

spicer Updated 

I believe EUR is just finishing wave 4 of the first leg of five on the bull move up. Wave five will complete in October 2017 with wave 2 corrective down likely finishing the year with the big wave three move going through most if not all 2018.

spicer

AUDUSD tested and bounced off weekly support. I believe it is in a new up channel and will head up and test the .89 area.

spicer

There is a 1 hr CCI support level at 1.17104 area price may bounce here. I will watch the 4hr RSI to see if it goes under 20 or bounces or goes through and then wait until RSI is back up over 20 to indicate this move is done. If it goes through this area with force I would think 1.164 would be the next area to eye followed by the weekly 23.8 Fib at...

spicer

I expect EU to retrace a bit more and then head to 1.204 area. Daily CCI and weekly 23.8 Fib area appear like a great resistance area. 4 Hr CCI spiked over -200 quickly from over 130 this indicates to me that the move is for the most part over and should not go to much further. Which puts the 23.8 fib and a daily CCI spike of over 200 as the perfect zone to...

spicer

EU will likely test the 50 fib at 1.17022 before resuming up trend

spicer

EU has not broken a key support level and Dxy can not seem to break back up past its new resistance level. I expect EU to hit 1.179 to 1.183 before retracing any further, as longs the key support and Dxy resistance holds at end of today.

spicer

Based on my analysis I think EURUSD will continue down overall until it reaches the 4 hour 200 Ma. I base this given the CCi, RSI, DMi levels as well as the cloud, and current channel.

spicer

THe EURUSD is about to take off