aibek
Long

EURUSD. upside reversal is expected

FX:EURUSD   Euro Fx/U.S. Dollar
We are finishing black wave (a) of (C) of (B).
If we take a=c then the target for black a is at 1.1136 (we are very close)
Macd already shows divergence on 4h chart indicating that wave 5 of blue c is underway and the end is soon.
Blue c can overshoot blue a by distance so 1.1100-1.1140 is most likely landing zone.
As good stop is only below 1.10 is possible it is highly recommended to buy on confirmation only or with tight stop right below 1.1080.
Black b can reach 38.2-76.4 Fibo zone so it is better to make partial profit taking between 1.1259 and 1.1383.

Best of luck!
aibek
a year ago
15 min chart
snapshot
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