jdemunter
Long

Eur/Usd : Uptrend to resume

FX:EURUSD   Euro Fx/U.S. Dollar
The EW count I have been posting the last couple of days/weeks assumes that wave X (circle) is already complete, this is the most bullish possibility. The alternative is that wave X (circle) finishes further in price and/or time. Back to the main count, price looks like it will continue the uptrend after the decline from the fed news event. The decline is corrective and touched the 50% fibonacci decline from the 1.1086 - 1.1460 rally.
mkdeep04
a year ago
like count.. i feel wB not yet complete..possible triangle n then brkout for wC
Reply
jdemunter mkdeep04
a year ago
Hi mkdeep04,
Thank you for your reply. You are correct that the wave can transform into a bigger correction, we have to wait and see. I just think market speed will pick up as the up trend has to become stronger at some point. The fed news could have a late impact, spooking the bulls first and invite bears just to trick them and turn the market around.
Best of luck!
Jeremy
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