FullTimeTrader
Long

EURUSD-EW long term analysis

FX:EURUSD   Euro / U.S. Dollar
1441 1 25
The euro             is still moving towards the downside forming an impulse labeled intermediate waves (1) through (5).

Intermediate wave (4) is forming a contracting triangle labeled minor waves A through E, within which waves A, B and C are complete, and minor wave D is most likely complete as well.

This count expects the euro             to be moving towards the upside for the last time in minor wave E to complete intermediate wave (4).

After that we could have a strong decline to the downside to complete wave (5) near parity

This wave count is invalidated by movement above 1.1436 as minor wave E may not move beyond the start of minor wave D.

Best regards
good, thank you. i believe you are 100% correct as per my own analysis based on linear regression studies
Reply
United States
United Kingdom
India
Deutschland