EURUSD Medium Term Wave Analysis:
Market finished its bigger correction of wave 2. Wave C travelled to excatly the 61% fibonacci level.
Price made a strong move to the upside and formed a nice weekly bullish pinbar at support
We are now in wave 3 and the first target is 1.135xx.
Wave 3 could happen really fast as it is generally the most impulsive one.
Look for entry on lower timeframe, some kind of consolidation pattern like a flat or wedge before the next breakout to new highs.
Market finished its bigger correction of wave 2. Wave C travelled to excatly the 61% fibonacci level.
Price made a strong move to the upside and formed a nice weekly bullish pinbar at support
We are now in wave 3 and the first target is 1.135xx.
Wave 3 could happen really fast as it is generally the most impulsive one.
Look for entry on lower timeframe, some kind of consolidation pattern like a flat or wedge before the next breakout to new highs.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.