paweld

IIIrd wave up

FX:EURUSD   Euro/U.S. Dollar
154 0 1
That dynamic wave without any larger correction loooks like IIIrd in uptrend. If this is going to continue we will have to see 2nd wave in lower frame. Presently price has reached 23,6% ret. , but if this is going to be 2nd wave , the retracement should be at least 38,2% of 1st. That level equals strong geometrical demand level , next key levels are at 50% and 61,8%. This scenario will be actual until price brakes 1,3597 level - that will deny that correction.
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