EURUSD Long until end 2018
We are in a corrective structure (ABC) - wave ((2)) - from the high of 1.25 - wave ((1))
There is a support trendline from the lowest point of Oct 2000, which was touched again at the start of wave ((1)), which I also believe we will touch again at 1.06 at the end of wave ((2)) early next year.
- We are now at wave B of the corrective structure, which is a flat (3-3-5), specifically wave c (5 small waves)
- After wave c, we will go down again for wave C of the corrective structure
- We may hit the .88 retracement from wave ((1)) before yearend, considering that wave C is an impulse wave.
There is a support trendline from the lowest point of Oct 2000, which was touched again at the start of wave ((1)), which I also believe we will touch again at 1.06 at the end of wave ((2)) early next year.
- We are now at wave B of the corrective structure, which is a flat (3-3-5), specifically wave c (5 small waves)
- After wave c, we will go down again for wave C of the corrective structure
- We may hit the .88 retracement from wave ((1)) before yearend, considering that wave C is an impulse wave.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.