Hi, according to my analysis I see a huge room to the downside in EURUSD. The big picture show me that we could touch 1.145 very soon. I will open a short possition here expecting the 1.17250 will be a strong resistance.
The prices has reached the previous highs at 62USD (strong resistance).
The Elliot Wave complete the 3rd wave at 1.414 fibonacci level from the wave 1
The RSI its overbought in daily chart.
I expect a big correction
The pair has broken his uptrendline, now it's retesting the structure and also has a confluence with the .618 of fibonacci. Time to short the pair with main objective at 85,6.
The RSI has overbought in the daily chart
Trade with care
I was follow the last impulse for Gold and now I think it's completing the 3rd wave from Elliot Wave perspective, so may the wave 4 it's arround the corner and after retest the 1,274 area we can go long for gold to achieve the 1,305, 1330.