Sokow
Long

Week2: EURUSD will rise

FX:EURUSD   Euro / U.S. Dollar
What a strong week for the EURUSD! On the right side (W-Chart) you see a big triangle and the fibo 1 (1.02842) seems still to be a legal target. On the right side you can see the rise in wave 4.
In the 1H Chart we see two possible szenarios. If we believe the downtrend will continue then we should count 1 and 2 (in red).
If we believe that the 5 wave down move (in green) is completed then we should label it as truncated (failure) wave 5 and should expect higher prices. See 'alt: 1' in grey.
Nevertheless I believe we will see a rise over the next few weeks and months.

I'll post comments over the week and do a weekly checkup. Stay tuned!

Happy trading!!!

Further information:
In the last week the USDOLLAR             was a little weak. The statement of FED's president Yellen seems to have weeken the Dollar, which affects all majors.
Now we have wave c (in red) in 5 subwaves (in green). This should complete the correctionand we should expect higher prices.

Reply
We saw a bigger correction than expected but now we should get a wave iii in wave (iii). See the following chart:

Reply
Still bullish!

Reply
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
AR العربية
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