EUR vs. $USD - Potential Wolfe Wave in S/T | #euro #forex
Friends,
Here is yet another completion of a Wolfe Wave geometry as price carves an incremental higher-high. It appears that the Wolfe Wave is weaved by most of the $USD pairs, suggesting that the $USD is dominating the recent price action.
As with the recent $USD pairs posted, in this case we are also expecting a probable bullish reaction in the US Dollar. Whether this occurs at the current price locum or at a 5-prime position, the vicinity of Point-4 is likely to reveal bullish forces keeping price above 1-4 Line, and likely above Point-2 of the geometry. A breach below these levels would require a revision of this and other USD-related analyses.
Look at the recent $EURUSD analyses I have shared for a long-term bullish outlook in the $EUR, as remains the case in this Forex leader.
OVERALL, the nascent geometry offers high-probability ranges within which price is likely to react with some degree of consistency. In this case, a Wolfe Wave has matured to the point of readying a counter-trend, back towards the 1-4 Line. Any adverse excursion above current levels will be dealt with using rules of the Geo, but expect the level of Point-4 to be re-visited in the most immediate term.
Best,
David Alcindor
Predictive Analysis & Forecasting
Durango, Colorado - USA
-----
Twitter:
@4xForecaster
LinkedIn:
David Alcindor
-----
.
Here is yet another completion of a Wolfe Wave geometry as price carves an incremental higher-high. It appears that the Wolfe Wave is weaved by most of the $USD pairs, suggesting that the $USD is dominating the recent price action.
As with the recent $USD pairs posted, in this case we are also expecting a probable bullish reaction in the US Dollar. Whether this occurs at the current price locum or at a 5-prime position, the vicinity of Point-4 is likely to reveal bullish forces keeping price above 1-4 Line, and likely above Point-2 of the geometry. A breach below these levels would require a revision of this and other USD-related analyses.
Look at the recent $EURUSD analyses I have shared for a long-term bullish outlook in the $EUR, as remains the case in this Forex leader.
OVERALL, the nascent geometry offers high-probability ranges within which price is likely to react with some degree of consistency. In this case, a Wolfe Wave has matured to the point of readying a counter-trend, back towards the 1-4 Line. Any adverse excursion above current levels will be dealt with using rules of the Geo, but expect the level of Point-4 to be re-visited in the most immediate term.
Best,
David Alcindor
Predictive Analysis & Forecasting
Durango, Colorado - USA
-----
Twitter:
@4xForecaster
LinkedIn:
David Alcindor
-----
.