JWagnerFXTrader
Long

EURUSD Finishes Wave "X"

FX:EURUSD   Euro Fx/U.S. Dollar
The EURUSD             pattern displays a clear 5 wave move higher from the April low. This suggests an upward flat was in play and it terminated right at the 38.2% retracement of wave (3) .

The steep sell off could be the beginnings of wave (5). However, the overlap at 1.1065 places more emphasis towards an X wave lower. A rejection of prices near 1.1225-1.1325 will more heavily emphasize an ending diagonal for wave (5) lower.

What is your favored count?

German Bund             rates (10yr) are suggesting the EURUSD             needs to be several handles higher. Something will give soon...

That's one reason why I like EURAUD             long.
bilk29
2 years ago
danke sehr
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JWagnerFXTrader PRO bilk29
2 years ago
By virtue of the greeting, I presume you are quite familiar with what is happening in German yields? The 10yr is pressing highs we saw in May when the pair was trading at 1.14
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