EUR/USD; 2 Scenarios For Wave (4)

FX_IDC:EURUSD   Euro / U.S. Dollar
50 0 6
I think we are in a lengthy 4th wave that has started from Mid March. Speaking of price, I see 2 scenarios:

i) The descending trend line and the Bearish Bat , as shown in my latest analysis, will halt the current rally and the price will go down for the D wave of a contracting triangle which, after witnessing another 3-wave             rally in wave E, will break to the downside and commence the impulsive wave (5) into the parity area.

ii) Bulls break the stiff resistance overhead and continue their run to the 1.17-1.18 area for a Zig Zag 4th wave.

This week will show us which scenario plays out.

Good luck,

Ali             Sharifazadeh, CFTe
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out