EWA-tokyo

EURUSD, Elliott wave analysis

Short
FX_IDC:EURUSD   Euro / U.S. Dollar
■Outlook of EURUSD 1Day chart.
I think that we are on sub-waves of "wave X" on the Upper Degree shown as Blue-line.
Sub-waves of Wave X are Red-line.
Probably, The sub-waves of wave X will be "Triangle".

If the assumption is correct, We are on sub-wave D of the Triangle.
The sub-wave of wave D is probably Flat with extended wave (c).
Sub-Wave(c) of Wave D is 1.618 to 2.000 times more than Sub-wave(a).
Wave D will end soon.
Probably, The target of wave D will be 1.1186 to 1.0974.
Loss cut, 1.08792.
When the sub-wave D is complete, the trend will switch to an up-trend.
The next wave is the last E.


■Oct 30 idea;

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