jdemunter

Eur/Usd : Bullish possibility

Long
FX:EURUSD   Euro / U.S. Dollar
Most people are looking at eurusd and see a triangle, while not invalid, i prefer the double three (wxy) count suggesting higher prices for now at least. I base this on the blue trend line, which has been broken and retested. After this corrective wave is finished, price action will have to be watched to know if this is part of a bigger correction up. Look for 1.17+ in about one month. Time study for waves say that the 3th leg in a corrective pattern takes half the time as the first and second wave combined.
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