1. Price is making lower low but RSI is not going lower 2. Price is making lower low but MACD has moved higher 3. The indicators has started showing exhaustion of the move down.
We should be seeing correction coming soon to roughly to 1.1950 range (Fib 38.2%)
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EURUSD did go down to 1.1608 an bounce back for now. Lets see if Wave V (of Wave 3) has complete and has Wave 4 started to 1.19500 range?
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Wave v (of 3) did extend to 0.786 Fib level till 1.1515 range and bounce back for now.
@YIQI, sorry I don't get your question?
we are in the journey of Major wave 2 to wave 3. in that will also have 5 waves, which I fell has completed or almost completing.
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Trading carries a high level of risk to your capital and may result in losses that exceed your initial deposit.
Supplied information is not advice.
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