EURUSD has had an incredible bull run these past couple of months. There are no signs of slowing down yet meaning you'd still buy the dips. However, to me it seems that there might come some exhaustion into play. If a full leg up is complete (5 waves for A) than we can atleast try and look for some support around the 1.14 area. As long as the current support lines hold (you can see that traders started to buy again at the intersection of those 2 green lines) there's no reason to go short. Bears need patience and also realise that the long term view for EURUSD should be bullish.
Kommentera:
Bulls are losing grip. Idea is still valid.