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Sinikiwe
Jun 28, 2018 8:43 PM

Eurusd continues the larger down trend Short

Euro Fx/U.S. DollarFXCM

Description

Eu looking to complete an abcde triangle around 1.16500 the 61.8 retracement of wave c of the triangle abcde. triangles are always good hint that we are at wave 4 of the trend therefore we expect atleast one last drop of wave 5, which will be around 127-161 extention of wave 3. that is the 1.10-1.09 level of the EU. Strong dollar are contributing factor, as you can also check that the dollar index is making higher highs looking to go around 96 atleast
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