Bleck

EURUSD at an Interesting juncture

FX:EURUSD   Euro Fx/U.S. Dollar
81 1 3
My current working assumption is that we are in a very large triangle consolidation since March 2015 ! This week brought the Euro             back to about 5 pips from my C green wave !!! This labelling is still valid unless euro             breaks above the top of wave A green (1.1714). IF my count is the operating one THEN Euro             should start very soon to go down to the 1.08 - 1.10 area !
IF euro             breaks above 1.1714 THEN I will be looking for an ending diagonal for wave C green ( overlapping waves in 3's) which could take us in the low, mid 1.20's
Any feedback and comments would be very much appreciated. Best regards

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Mizuki32
7 months ago
Nice chart.
Your wave analysis is still valid?
Reply
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