EURUSD Outlook from the daily chart point of view

FX:EURUSD   Euro / U.S. Dollar
150 0 2
We're currently sitting in the 3rd wave of the supercycle bearish move that started back in May 2014.

In this 3rd wave we're currently sitting in the 3rd wave of it and as I mentioned in my short term trade idea for this week, this minor 3rd wave is going to end at 1.3205 and start correcting to the upside.

As the completion of the 3rd wave of the 3rd wave lies exactly on the 1.618 fibonacci projection of the 1st major wave, I'm expecting the 3rd major wave to be an extended one. Which I believe will be extended to the 2.618 projection of the 1st major wave at 1.271.

I will be glad to see your opinion on my trade idea.

And follow me for more trade ideas.

If you have any questions regarding my trading strategies and trading plan feel free to PM me.

You can also find me on:
facebook             .com/davood.wadi

Have a profitable week.
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