EURUSD rally on track towards 1.1620 at least

FX:EURUSD   Euro / U.S. Dollar
The EURUSD continued pushing higher yesterday as expected, printing highs at 1.1500 levels before retracing lower again. We still remain optimistic about the Wave Structure presented on the 4H chart view here. It is indicating that EURUSD could be underway to unfold into a flat A-B-C. If this structure stays, we could see the existing rally continue higher towards 1.1620 as initial target and further towards 1.1830 levels as well. Please also note that any intraday corrective drops should stay above 1.1350 levels going forward. It could still be too early to predict, but possibility remains above 1.1850 levels, till EURUSD stays above 1.1301 levels, in a broader sense. Overall bullish scenario remains intact for now.


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We saw a nice move of about 65 Pips in the last 24 hours down. Let's see where we go from here!
False break out purely based on FOMC speculation. 1W is constantly pressing for a break of the 1.1300 support. We should test at least 1.1330:

+1 Reply
your analysis on eurusd is completely incoherent with your analysis on DJI, if you are calling for a strong wave 3 on DJI downward you cannot be expecting at the same time a bullish eurusd !! therefore at least one of your forecast between eurusd and DJI is guaranteed to be wrong
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