This is Monthly Chart analysis of EURUSD ,,It has nothing to do with shorter time frames .
It moving in WXY ( Black ) Pattern ,,, It now in Completion of X( Black) in Progress .
Which end up at 0.88 / 0.90 Price Level .
Current Situation :::::
as it is moving inside the Channel It is going to hit upper side of channel than Fall of the cliff till 0.90
( otherwise it can fall off directly from here as all the Euro and other economies at globe are in Recession Now )
Recession is Gonna End at 0.90 Level .. May it will take 2 to 3 years .
From Price Level 0.90 Y ( Black ) will have a Start upwards .
This is very very old Wave count many be years old ,,
But I was not Convinced at that time what factors will cause this wave count to move Downwards .
Now it is Crystal Clear that Convid-19 is Stimulus for this Recession .
God Bless you All
Elliot Wave Reloaded
By mazchaudhry
It moving in WXY ( Black ) Pattern ,,, It now in Completion of X( Black) in Progress .
Which end up at 0.88 / 0.90 Price Level .
Current Situation :::::
as it is moving inside the Channel It is going to hit upper side of channel than Fall of the cliff till 0.90
( otherwise it can fall off directly from here as all the Euro and other economies at globe are in Recession Now )
Recession is Gonna End at 0.90 Level .. May it will take 2 to 3 years .
From Price Level 0.90 Y ( Black ) will have a Start upwards .
This is very very old Wave count many be years old ,,
But I was not Convinced at that time what factors will cause this wave count to move Downwards .
Now it is Crystal Clear that Convid-19 is Stimulus for this Recession .
God Bless you All
Elliot Wave Reloaded
By mazchaudhry