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marcyacoub
May 4, 2021 9:57 AM

EUR/USD Impulse incoming ? Long

Euro Fx/U.S. DollarFXCM

Description

As you can see, EUR/USD finished 5 waves up with a correction retesting the previous wave 4, and you know by now that retesting the previous wave 4 and not breaking it could be an amazing buy opportunity for a new impulsive wave to the upside.

Also, since the DXY isn't able to break the previous wave 4 to the upside, I think we could see the Dollar going down again pushing all major currencies back up.

This could be the start of a whole new cycle in the financial markets, the Dollar has been dominating for the last decade and now it is the time to see a weak Dollar, thus pushing all major currencies to the upside.
Comments
CristianChoqueRuiz
You are new... This is a small up of wave b of pullback of correction and then fall to 1.18
marcyacoub
Yes with a stoploss right below
marcyacoub
@marcyacoub @Forex-Traders-Uk
FTUKcom
Have you placed a trade on this one?
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