5 waves down, Need 3 waves up

Euro Fx/U.S. DollarFXCM

Description

⋅ Jun 15, 2015 6:11 AM

This is a short term chart using 5 minute candlesticks. From 1.12952 high to the recent low of 1.1181, we have completed an impulse wave down. A 3 wave correction is due. Down side is limited for the next few hours.