Expect a new low in EUR before reversal

FX:EURUSD   Euro / U.S. Dollar
937 4 23
Hi All,

What many perceived as a reversal in EUR may not be what it seems. I still view the advance as a very weak structure, which is supposed to be deeply or fully retraced before a real reversal occurs. Details are on the chart.
Note - the market is likely tracing an ending diagonal, completing its w2. The decline should soon resume. New low before the reversal, end of next week.
+1 Reply
Super Mario not done yet. Thanks for sharing your work!
Keep up the great work Andy, your EW analysis is always very detailed and informative.
+1 Reply
AndyM glennmercer
thanks for your feedback buddy!
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