bkouassi89
Short

EUR/USD >> MAY 15 << DOLLAR STILL STRONG

FOREXCOM:EURUSD   Euro / U.S. Dollar
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The EUR/USD downtrend is yet to be over. A minor correction which I assume is a ABC zigzag (although it can be any corrective pattern) is taking place probably until next week and then it will resume to the downside. I bagged a lot of pips, and I am not done yet until wave 3 is over. I have adjusted the possible end of wave 3 as its subwave 3 was extended. Once the downtrend resumes, wherever the subwave 5 of wave 3 ends will then be the end of wave 3.


Remember, my wave targets and channels are estimate target levels and are based on Fibonacci and Elliot Wave Principles. They are subject to possible adjustments. Timeframe was not taken into consideration when projecting targets.
DISCLAIMER: THIS IS NOT PROFESSIONAL ADVICE BUT MY PERSONAL REFLECTION OF THE MARKET.