Correction up for EU

SAXO:EURUSD   Euro / U.S. Dollar
Hi traders,

Last week EU dropped more to the equilibrium (50%). This could be wave 1 of (red) C. I still think that we have to see a bigger correction up to go lower again.

So next week price could make a correction up to sweep the previous highs and then drop again.

Trade idea: Wait for a correction up and look for sells after a 1H change in orderflow to bearish.

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This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals.

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