EUR/USD
It seems as wave iv has ended a little early and wave v lower towards at least 1.3432 and possibly even lower towards 1.3371 is developing. A break below 1.3485 confirms that wave v is developing. Once this wave v is in place, that will only mark the bottom of wave i of 3. I will also be looking for a break below the base channel support line near 1.3400 a clear break below the base channel support line indicates acceleration lower in wave 3. Longer term I'm looking for wave 3 towards 1.3110 and maybe even lower.
No comments:
Post a Comment