EURUSD: upward wave 5 is not over, but no much space.

Euro / Dollar Américain (FX:EURUSD)

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FX:EURUSD Euro / Dollar Américain

harmonicpatterns trendanalysis waveanalysis

In my view, eurusd has an extended wave c with an extended wave 5, and its upward trend is not over. I still hold my previous opinion, I treat 1.1616 as the extreme top. I will wait for the wave constructure end patiently and then find chance to have a short position aming for 1.08 .

Commentaire:

EURUSD upward trend is still not over, but no much space now. Do not short or long it now. Wait for the ending diagnal being finished, and then have a short position. Good luck!

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