I did some analysis with fib's and EW.
According that EURUSD now is in wave C, witch can reach max. 1,2041 (look at my previous analysis in related ideas).
But when we look in daily chart then we see that AB=CD, and it's possible that this impulse is over. EURUSD also break some important trendline and it's usually that consolidation is following after that.
After my analysis this consolidation will touch level between 1.10266 and 1.0935 (red rectangle), it's ~300 pips of possible profit.
But this red rectangle is also buy zone for next impulse.
Some important fib levels:
price 1,10478 is 38,2% ret. from points A-D (not shown on chart, too many lines)
price 1,10935 is 50% ret. from C-D
price 1,10266 is 61,8% ret. from C-D
According that EURUSD now is in wave C, witch can reach max. 1,2041 (look at my previous analysis in related ideas).
But when we look in daily chart then we see that AB=CD, and it's possible that this impulse is over. EURUSD also break some important trendline and it's usually that consolidation is following after that.
After my analysis this consolidation will touch level between 1.10266 and 1.0935 (red rectangle), it's ~300 pips of possible profit.
But this red rectangle is also buy zone for next impulse.
Some important fib levels:
price 1,10478 is 38,2% ret. from points A-D (not shown on chart, too many lines)
price 1,10935 is 50% ret. from C-D
price 1,10266 is 61,8% ret. from C-D
Trade active:
Our trade target is near, but also possible reversal zone is there.
If you are in trade, i suggest you to move SL to BE.
If you are in trade, i suggest you to move SL to BE.
Trade closed: target reached
But tomorrow will come out some important news, and it's possible that reversal will happen sooner.