7pasos

Expanded flat could be behind EURUSD resilience

FX:EURUSD   Euro / U.S. Dollar
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The 5 wave decline was followed but just a shallow retrece (less than 38.2%) this is uncommond

Therefore this could be because we are in a expanded flat retrace, and wave b the today's lows, this lows are consistent with the normal expansion of wave b (copared with wave a) in this kind of structures (127-138%).

If the price holds with the lows of today arrownd the actual levels this could explain the resilience in one of the worst start of sessions in many months.

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