jdemunter

Eur/Usd : Battle around the trendline

Long
FX:EURUSD   Euro / U.S. Dollar
Since the low, price had a corrective rally which is part of a bigger corrective rally that will take eur/usd over 1.14. I expect price to go to 1.10 and reverse higher. It is possible that wave X is not complete yet and it corrects deeper, but in the end the result will be the same, wave W high will be broken soon.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.