The Daily Count on EURUSD is a very simple corrective structure so far.
We've seen from Lows in March an ABC structure to make up the wave of a larger degree in Wave (A)
For the most of summer, we see an ABC structure to make wave (B)
And we are now in bullish wave (C). The pull back over the last few weeks has offered good buying levels, Will be looking for a setup on 1H & 4H This week to go long prior to the FED Meeting. We have already seen weakness to start the week, so will be looking to buy retracements to wave B @ 1.1086 lows using that level as a stop
A Breach of wave (B) lows invalidates the count.
We've seen from Lows in March an ABC structure to make up the wave of a larger degree in Wave (A)
For the most of summer, we see an ABC structure to make wave (B)
And we are now in bullish wave (C). The pull back over the last few weeks has offered good buying levels, Will be looking for a setup on 1H & 4H This week to go long prior to the FED Meeting. We have already seen weakness to start the week, so will be looking to buy retracements to wave B @ 1.1086 lows using that level as a stop
A Breach of wave (B) lows invalidates the count.
