EURUSD. upside reversal is expected

FX:EURUSD   Euro / 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!
15 min chart
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