We have just or is very close to ending wave ii of 3 and should soon see a powerful decline take over as wave iii of 3 develops.
Short term a break below 1.3163 will confirm, that wave ii of 3 is over and wave iii of 3 is developing.
As long as support at 1.3190 and more importantly support at 1.3163 protects the downside we could see one last stab higher towards 1.3270, but I would not bet on that outcome.
Stay tuned for a powerful decline soon.
If you look usdchf and usddollar have the same chart pattern, a wedge, and showing divergence in indicators...soon eurusd will reverse..
ReplyDeleteThanks for the additional updates EWS!!!
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