ab=cd eurusd long

FX:EURUSD   Euro / U.S. Dollar
424 1 3
the euro             dollar looks to of made a recent retracement back to the 50% level on the weekly chart. If looking at a price pattern perspective then a ab=cd completion may stop at a 5 month support now resistance area at the 1.4300 level. On my daily charts I also have a daily shark cypher with the D leg completing at the 0.618 level of the XA leg.
Further analysis of the eur/usd trade is giving confirmation of the impending long on this chart would be the bullish engulfing pattern.the was given on the last weeks close.
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