AndyM

EUR may show more strength in the coming 2 weeks

FX:EURUSD   Euro Fx/U.S. Dollar
458 2 9
The upshot in EUR we have seen this Friday may suggest that the upward movement in EUR is not over and we may see more strength in the coming weeks. One thing that makes me think this could be the case is the fact that we haven't bettered the top of W wave (1.1712) in the Y wave. And ideally I would like to see that in order to complete the structure.

I don't have any EUR positions right now and I will prefer to see the structure resolve itself prior to entering the trade.
EvgenK
6 months ago
Doble ZZ in Y, strange
Reply
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