Finally we could see the EURUSD terminating its lower degree Wave ii yesterday at 1.1267 levels, closer to our projected one! It is seen to be trading around 1.1390 levels at this moment of writing and we could see it pushing further higher in acceleration. Looking into the wave counts, we have a lower degree wave i (terminated at 1.1472) and wave ii (terminated at 1.1267) in place now and wave iii could be on its way towards 1.1650 levels at least. Please note that EURUSD is progressing into Wave (C) at a higher degree at this point and could unfold as an expanded flat or probably a triangle. In case of an expanded flat, we could see potential target hitting 1.1820 levels at least. Overall, the medium term outlook remains bullish against 1.1213 levels.
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Disclaimer:
This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same