No MC Hammer not Today!
We sincerely apologize to all MC Hammer fans but the EUR/USD can in fact touch our target zone (yellow box). To be precise: It is supposed to do so! We expect a corrective wave 4, as depicted in yellow, followed by a bullish turnaround. The target zone for a turnaorund lies between the 23.6% Retracement and the 38.2% Retracement. This support area should not be broken in order for the upward trend to continue as indicated by the arrows. The yellow box can be used to for long trades, with a target of round about $1.20 - $1.21.
What are your thoughts on our scenario?
Happy to discuss!
We sincerely apologize to all MC Hammer fans but the EUR/USD can in fact touch our target zone (yellow box). To be precise: It is supposed to do so! We expect a corrective wave 4, as depicted in yellow, followed by a bullish turnaround. The target zone for a turnaorund lies between the 23.6% Retracement and the 38.2% Retracement. This support area should not be broken in order for the upward trend to continue as indicated by the arrows. The yellow box can be used to for long trades, with a target of round about $1.20 - $1.21.
What are your thoughts on our scenario?
Happy to discuss!
📊 Free daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
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.
📊 Free daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
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.