EUR/USD: The end of an strong Impuls or of a flat correction?...
Hello Traders,
the EUR/USD 0.20% peakt in yesterdays session to a high at 1.18457, just tics shy of my favor target at 1.18454 which possibly marks the end of Wave III (blue)! The small decline has not much details to judge if this is the start of a new decline, which would include the view that the top is not a Wave iii rather than a Wave c high! I will wait the next tradinghours to see, what the pattern could tell us.
As long as the high at 1.18454 remains intact, we`re in a correction of lesser degree! If we play the card of an impulsiv move we have to await a triangle or a flat in wave iv!
But it is to soon to judge, so as befor we have to wait `til tomorow!
Have a great day.....
rubennase
the EUR/USD 0.20% peakt in yesterdays session to a high at 1.18457, just tics shy of my favor target at 1.18454 which possibly marks the end of Wave III (blue)! The small decline has not much details to judge if this is the start of a new decline, which would include the view that the top is not a Wave iii rather than a Wave c high! I will wait the next tradinghours to see, what the pattern could tell us.
As long as the high at 1.18454 remains intact, we`re in a correction of lesser degree! If we play the card of an impulsiv move we have to await a triangle or a flat in wave iv!
But it is to soon to judge, so as befor we have to wait `til tomorow!
Have a great day.....
rubennase