It is no doubt that the EURUSD put everyone on suspese as to when the downtrend will resume. However recent price action suggest that the downtrend may have resume.
The sellof from the high appears to be impulsive. However, a three wave rally is needed to verify the validity of the trend and thus set the stage for a powerful third wave selloff.
Keep an eye and don't forget to do your own research.
If youu appreciate my analysis please don't forget to leave a like and comment below.
Do have a fantastic weekend.
The sellof from the high appears to be impulsive. However, a three wave rally is needed to verify the validity of the trend and thus set the stage for a powerful third wave selloff.
Keep an eye and don't forget to do your own research.
If youu appreciate my analysis please don't forget to leave a like and comment below.
Do have a fantastic weekend.