EU finding a nice spot for support. Already long here with stops below 1.17330.
Looking to close the gap at the 78.6% (white) and setup a head and shoulders setup.
Medium term bearish on EU, but taking the retracement long.
Elliot Wave:
Finished a minor impulse wave of a bigger bearish 5 wave sequence.
Targeting the 78.6%, which would indicate completion of the correction.
Shorting from there for the bigger 3rd wave.
Looking to close the gap at the 78.6% (white) and setup a head and shoulders setup.
Medium term bearish on EU, but taking the retracement long.
Elliot Wave:
Finished a minor impulse wave of a bigger bearish 5 wave sequence.
Targeting the 78.6%, which would indicate completion of the correction.
Shorting from there for the bigger 3rd wave.
Comment:
Retracement will also close the gap around the 1.19442 area