EURUSD Finishes Wave "X"

FX:EURUSD   Euro / 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.
danke sehr
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
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out