Mizuki32

EURUSD: short term bullish, long term bearish.

FX:EURUSD   Euro / U.S. Dollar
187 views
6
Main scenario is triangle formation. {D}-(X)-X or -Z is ongoing right now.
For short-term trade, buying "EURUSD" looks like a good idea with profit target about 1.145 from measurement technique.
In my last chart, I predicted bullish scenario making expanding ending diagonal for wave {C} and potential rally to 1.2.
But, I guess this scenario might be negated because price action since 24th June has not shown clear impulsive upmove.
This slow uptrend seems like corrective and decline to 1.06 should take place after rally.

Comments

Hi Mizuki, it looks like the market wants the wave D earlier.
Reply
Hi, aibek.
That's true, currently in wave {D}.
It might be heading to 1.06x.
Reply
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