EURUSD - The blackboard analysis & forecast.

FX_IDC:EURUSD   Euro / U.S. 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
why we need any kind of analysis for statement price can go up or down?
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.
thank so much.
You're welcome, mate!
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