EURUSD is in decline.
A scenario is suggested for further movement to the downside.
Considerations are
1. Time Cycle - using the recent swing low intervals and the past swing down high low cycle.
2. Price Expansion - V expansion ( based on the retracements of both cycles)
The area of interest is on chart.
A scenario is suggested for further movement to the downside.
Considerations are
1. Time Cycle - using the recent swing low intervals and the past swing down high low cycle.
2. Price Expansion - V expansion ( based on the retracements of both cycles)
The area of interest is on chart.
Comment:
It is close to the blue box.
