I must admit im confused with the EURUSD, im re-analyzing and reconsidering my charts again.
Right now i dont have an answer. All i know for sure is that more USD weakness is coming next weeks. The USD index can give us a clue (its a pity my broker does not have it).
We know the EURUSD and the USD index are inverse correlated, almost like a mirror.
This chart alone looks very bearish to me. We have price rejecting strongly from the 0.61 fib retracement and most probably will reach the targets shown on chart.
From the EW perspective it could be forming an ugly leading diagonal, a 5-3-5-3-5 structure.
Right now its late for an entry, i just wanted to share this chart with the community.
Happy weekend
Right now i dont have an answer. All i know for sure is that more USD weakness is coming next weeks. The USD index can give us a clue (its a pity my broker does not have it).
We know the EURUSD and the USD index are inverse correlated, almost like a mirror.
This chart alone looks very bearish to me. We have price rejecting strongly from the 0.61 fib retracement and most probably will reach the targets shown on chart.
From the EW perspective it could be forming an ugly leading diagonal, a 5-3-5-3-5 structure.
Right now its late for an entry, i just wanted to share this chart with the community.
Happy weekend