The EUR/USD elliott wave structure now counts as terminal within multiple degrees. Moreover, the drop off the top looks impulsive into our minuette wave (i) label. However, we still need to see further confirmation for our scenario here.
Next step towards confirmation comes in form of a 3-wave 0.00% bounce. Taking out the interim high probably means a further extension to the upside. This is highlighted in the chart.
It looks like a bounce is now on the menu for the EUR USD indeed. Its behavior is important.
Next step towards confirmation comes in form of a 3-wave 0.00% bounce. Taking out the interim high probably means a further extension to the upside. This is highlighted in the chart.
It looks like a bounce is now on the menu for the EUR USD indeed. Its behavior is important.