The failure to break above resistance at 1.0919 followed by the break below the former low at 1.0719 has forced a recount for wave v of C.
Overall I still think an important bottom is pretty close, but the break below 1.0719 has opened up for a decline to 1.0570 as the first target as long as resistance at 1.0791 and more importantly as long as resistance at 1.0862 hasn't been broken. A break above 1.0791 will be the first warning, that an important bottom might be in place, while a break above 1.0862 confirms the bottom for a rally above 1.0919 and higher.
Thx a lot for AUD/NZD,
ReplyDeletehow do you see EUR/CAD?
Target 1.50 and then correction to 1.4423?
Your view would be very interested. Thank you
Hi Paulina,
DeleteI will take a look at EUR/CAD and update a post on the blog a Little later today.
Kind regards
EWS
EUR/JPY resistance not at 141.49, much more at 142.24-142.52 protect the upside for the next decline lower towards (you said 139.89) and I see 138.68.
ReplyDeleteHi Pauline,
DeleteFor my Count to stay valid resistance at 141.49 should have protected the upside, but as we can see now, my short term count has been altered and we will likely see a move higher towards the 143.09-143.17 are in wave ii.
See my updated post from today.
Kind regards
EWS
How see long counting on monthly chart?
ReplyDelete