Daily.Pips

EURUSD Daily: Last Reminescence of the Uptrend

FX:EURUSD   Euro / U.S. Dollar
-Completed AB=CD (AB 48 bars, CD 44 bars, with BC             at 0.618 retrace and CD 1.414 extension over AB) outside higher BB with each wave touching the trend line .
-RSI hit same resistance at 70 since february, CD wave showing signs of weakness now. DMI confirms the maturity of this uptrend.

EURUSD             now at 0.618 and important support level . Since 3 days price has been moving inside a falling wedge:



Expecting last leg to about 1.152, which is 0.618 retrace and upper BB level on daily chart , before starting to downtrend with first destination to approx. 1.12
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