aerocom21

Eur$ in a complex double or triple down

FX:EURUSD   Euro Fx/U.S. Dollar
38 0 0
This count reflects revised thinking in the EUR$ pair. The initial move is likely a 3 wave irregular with a B wave high. B wave highs commonly mark the extreme top and reversal.

In this count when measured from the orthodox top, waves (A) and (C) are equal. Wave A following is a 5 wave move followed by a move down expected to be wave C. In this scenario there will be two equal waves at about 1.2541. In my view, this will likely complete wave A of a larger C wave that will likely be a double zig-zag and see price move into the 1.22 to 1.23 area.

Since wave C is near complete, look to short a bounce and reversal in the 1.28 to 1.29 area.
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