Hi folks,
The Daily Currency Barometer is showing that a consolidation is complete and the EURUSD is ready for another impulse to the upside. Both currencies consolidated to the 50 level and are making another push. If either currency breaches the 50 level I will update this post. So far, everything is set for one more impulse.
This would be the 3rd impulse for the last Bull rally (by my count). I won't fade the EU until all waves/cycles are complete.
The Daily Currency Barometer is showing that a consolidation is complete and the EURUSD is ready for another impulse to the upside. Both currencies consolidated to the 50 level and are making another push. If either currency breaches the 50 level I will update this post. So far, everything is set for one more impulse.
This would be the 3rd impulse for the last Bull rally (by my count). I won't fade the EU until all waves/cycles are complete.
Note
Here are the first 2 Bullish cycle (impulses).
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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.