Mizuki32
Long

EURUSD: long-term scenario

FX:EURUSD   Euro / U.S. Dollar
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12
Weekly chart:

Comments

i agreed with your analysis on this pair. Euro is now at the 4th w of the 5th W of the big 5th downWave
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Hi Mizuki,
I like your idea of expanding ending diagonal wave (C) blue.
Question now is by how much would wave 4 overlap wave 2 ? for establishing a target for wave 4 - 50%, 61% or others?
Thank you.
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Mizuki32 TradingEW
@TradingEW, Thank you for your question!
Probably, target is around 1.09-1.10 with 61.8% retracement if my upper resistance line is correct.
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