EURUSD Down Move Continues!!

FX:EURUSD   Euro / U.S. Dollar
EURUSD             down move to continue after consolidating for a while.. I would expect EURUSD             to go lower next week with previous targets of around 1.06 as posted earlier.

Happy Trading!!

Siraj Hudda, CFTe

Skype: sirajhudda
I always look for a confluence between harmonic patterns and wave analysis. But when they contradict it is better and safe to follow wave analysis.
So mine is messy AsF but here's my analysis which supports where you're going Sira. Thanks for sharing.
Just a question. There is a chance of market might be moving back up because a cypher pattern has also formed at week closing. My question is what signal is indicating that it is more likely to continue down rather than retrace back up
SirajHudda mukkarramali
Your analysis is based on Harmonic Patterns where you might be correct with your analysis.. But mine is based on Wave Analysis and I am seeing this correction of EURUSD as 4th Wave Primary move which is probably forming a Triangle and we are in Wave D of it..Look at my previous post on EURUSD to get those details.. My Bias towards down move is also based on the breakdown of the current trendline as shown on the chart after retesting previous channel line as shown on the chart.. That's is what the chart tells me based on my Analysis with Wave Principles. I might be wrong..but that's just my analysis..
mukkarramali SirajHudda
Thanks for your reply. I'm not objecting to your analysis. I'm new to this and trying to learn and understand what to look for in order to form a better analysis of the market.
it looks like that but what about 1.09 ? it said NO .. rejected
It broke the previous trend channel and went up to retest it, so I would assume this time it would go lower and will take out 1.09
stream SirajHudda
the market doesnt work with your trend lines .. i am sorry
stream SirajHudda
ok its not fair to comment without any chart , so i show you what i mean on the chart , for only one reason ...I want everyone to stay safe . Take a good look at every level .. what a rejection , .. 1.09 is just the next which announce its will by rejection

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