EverythingForex

EURUSD: Daily Chart

Long
FX:EURUSD   Euro / U.S. Dollar
WAVE COUNT
Starting from the end of the previous impulse wave down that I have marked a wave 3, the correction is a wave 4. And in this wave 4, we have a wave (A) and (B) that was completed. So if that is correct, what we have left is a wave (C). What I am seeing is that this correction is unfolding in a 3-3-5 flat pattern. With wave (C) going to be unfolding in 5-waves. The most recent moves up should only be the wave (1) of (C) followed by (2) and now (3) up is underway. In that wave (3). wave 1 and 2 were done with wave 3 underway and still not completed.

PATTERNS
There is a POTENTIAL Bat that is the dominant pattern here with it's completion probably being the end of the larger wave 4. There is a smaller POTENTIAL Bat that could define the end of the wave iii of (1).

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