InsideMarket

EURUSD - The blackboard analysis & forecast.

FX_IDC:EURUSD   EURO / US DOLLAR
For some time this pair was in idle for me. Since it is a major cross, any attempt to trade other crossing without EURUSD             to help to do assumptions is just to difficult.

Hope the difficult ends with a triangle breakout.
thanks for detailed explanation
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why we need any kind of analysis for statement price can go up or down?
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InsideMarket trader515
Because of the dynamics of waves. In Elliott theory there are some behavors you shall expect, depending on what degree is actually in play.
In this case, I recognize two waves - one within another - that's why I foresee two possible ways. The triangle is the wave structure which, if once break, gives us a clue of what pattern is in play.
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thank so much.
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You're welcome, mate!
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