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fxmillions fxmillions EURUSD, 240,
EURUSD: EU more downside left. Watching the price : 1.0730
48 0 5
EURUSD, 240
EU more downside left. Watching the price : 1.0730

If the big impulsive move up was the wave 1 of a 5 wave move up then we are currently in the ABC correction of that move. For this count to be false, price has to break the lowest low. Nature of the correction is not convincing enough to enter any trades long even if it tests the 127% fib extension of the A wave - unless there is a clear reversal with an explosive ...

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