FX:EURUSD Euro Fx/U.S. Dollar
EURUSD is nearing the completion of wave-(e) of a possible contracting triangle that could mark the end of wave-(2) before the three-of-C breakout. Entry at inside of wave-(e) is confluent with the completion of a and may act as a catalyst for the impulse. Long term target is placed at A=C. It is possible that another rebound off of the top of the triangle could occur, but we would avoid our SL as price would remain inside of the contracting triangle and the breakout would likely occur soon after.
Comment: First bullish entry:
Trade closed: stop reached: ECB announcement calls for a recount