We are in the middle of a wave 3 impulse move for the euro dollar, this week should see farther downside.
BEAR CASE
The test of 1.13 is imminent, we have to test that level before a wave 4 extended correction comes in.
BULL CASE
Price could correct higher next week but this move will be capped. Our bias is heavily to the downside.
BEAR CASE
The test of 1.13 is imminent, we have to test that level before a wave 4 extended correction comes in.
BULL CASE
Price could correct higher next week but this move will be capped. Our bias is heavily to the downside.