I was wondering what was the three waves up we saw to 1.3890s on christmas holiday. If it was the fifth wave of bigger daily diagonal, since the 3rd went to 1st wave territory, it is likely that the last top would just went shy above the previous at 1.3830 just to puke. My initial objective was looking for .3950s on the long side. But the current price action looks not very convincing to make leg to the downside just yet since it's now still 3 waves down from 1.3890.
My parameters to be short this pair aggressively is if EURUSD now making 1 more decline to at least 1.3620-1.3614 first then next week I'm shorting the pullback to the downside at least 1.3300 first.
My parameters to be short this pair aggressively is if EURUSD now making 1 more decline to at least 1.3620-1.3614 first then next week I'm shorting the pullback to the downside at least 1.3300 first.