EURUSD Daily: Last Reminescence of the Uptrend
-Completed AB=CD (AB 48 bars, CD 44 bars, with BC at 0.618 retrace and CD 1.414 extension over AB) outside higher BB with each wave touching the trend line.
-RSI hit same resistance at 70 since february, CD wave showing signs of weakness now. DMI confirms the maturity of this uptrend.
EURUSD now at 0.618 and important support level. Since 3 days price has been moving inside a falling wedge:
Expecting last leg to about 1.152, which is 0.618 retrace and upper BB level on daily chart, before starting to downtrend with first destination to approx. 1.12
-RSI hit same resistance at 70 since february, CD wave showing signs of weakness now. DMI confirms the maturity of this uptrend.
EURUSD now at 0.618 and important support level. Since 3 days price has been moving inside a falling wedge:
Expecting last leg to about 1.152, which is 0.618 retrace and upper BB level on daily chart, before starting to downtrend with first destination to approx. 1.12
