My previous count had the EUR USD about to complete the 5th wave of an Ending Diagonal with a new high made at 1.08298, followed by a 5 wave impulse to the short side signifying a trend change.
This is supported by the same pattern seen on USDCHF and DXY which are both correlating pairs to the EURUSD, so I expect the USD bull to return at least till the end of March.
Current Wave: Sub wave (iv) of a 1 is in play as an expanded flat terminating at 38.2%. As wave 2 was deep, rule of alternation has been applied.
Next Wave: Wave (v) is currently in motion with sub 1 and 2 complete
Forecast Wave: Wave (v) termination forecast is around 1.06400 where you would take profit.
Feel free to comment and share your thoughts
This is supported by the same pattern seen on USDCHF and DXY which are both correlating pairs to the EURUSD, so I expect the USD bull to return at least till the end of March.
Current Wave: Sub wave (iv) of a 1 is in play as an expanded flat terminating at 38.2%. As wave 2 was deep, rule of alternation has been applied.
Next Wave: Wave (v) is currently in motion with sub 1 and 2 complete
Forecast Wave: Wave (v) termination forecast is around 1.06400 where you would take profit.
Feel free to comment and share your thoughts
