On Dec 11th 2020 a triangular wave B ended and an impulsive wave C began, of which so far we have only traced waves 1 and 2.
Wave 3 should be roughly 1000 pips long, ending near 0.7650. The imminent wave 3 suggests the selling pressure in EUR is no longer tenable: EURUSD is about to fall much faster than other major pairs, accompanied of course by the crash in Turkish Lira and Treasuries.
Here's the magical part about this setup: it's perfectly clear that GBP is going to hit below 1.14. It's very clear that EURGBP is heading to 0.76..0.77 (eventually even lower, w5=0.73). And it does feel more and more that both moves will happen together for the most part. This means that EURUSD could be hitting 0.88 easily, which is insanely low, but follows logically from everything above.
Wave 3 should be roughly 1000 pips long, ending near 0.7650. The imminent wave 3 suggests the selling pressure in EUR is no longer tenable: EURUSD is about to fall much faster than other major pairs, accompanied of course by the crash in Turkish Lira and Treasuries.
Here's the magical part about this setup: it's perfectly clear that GBP is going to hit below 1.14. It's very clear that EURGBP is heading to 0.76..0.77 (eventually even lower, w5=0.73). And it does feel more and more that both moves will happen together for the most part. This means that EURUSD could be hitting 0.88 easily, which is insanely low, but follows logically from everything above.
