Currently EURUSD seem to be in the 4th Wave of a 5 Wave down move, since Wave 4 is generally complex by nature, one can expect a little sideways activity before the next leg down.
On the upward side the current movement should be restricted to 1.08328 (38.2% Retracement), however it is also possible that it might reverse from the 23.6% retracement mark itself.
The downside targets can be much clearly projected after a clear break of level 1.03520 mark.
In all I think that the strategy is to sell on highs.
On the upward side the current movement should be restricted to 1.08328 (38.2% Retracement), however it is also possible that it might reverse from the 23.6% retracement mark itself.
The downside targets can be much clearly projected after a clear break of level 1.03520 mark.
In all I think that the strategy is to sell on highs.
Unmatched 80% plus forecast accuracy for 6 years : 50eyes.com/forecast-accuracy/
Video Course : 50eyes.com/elliott-wave-course
Author : Think with the Markets
Video Course : 50eyes.com/elliott-wave-course
Author : Think with the Markets
