michaelarias

EURUSD - A Bit Of Perspective

FX:EURUSD   Euro / U.S. Dollar
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The larger wave structure calls for a Zig Zag and it is coming now\soon. (I don't believe that the first wave down is part of this unfolding Zig Zag )

The .82 cent area is critical support and will not be broken.

Ideally you would want to ride this next wave down an then initiate a long position once complete using part of the profits from the way down to accommodate such a long stop which you will be able to move up eventually anyway.

The question is when do you short? Well you could short now with a stop above the high but you can lower your risk if your patient and that time is coming.

Stay tuned.
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