EURUSD

For my bigger picture view see link below:

I'll be looking for a wave B consolidation next week towards 1.13 ideally and then sell the continuation towards 1.08.

Updates will follow.

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Kommentera:

Kommentera:

We see the EURUSD correcting at the moment but that might be over soon. I've counted the leg lower as wave A and am looking for the end of wave B to sell wave C to at least 1.08 but maybe even 1.07. It is unclear yet whether we are seeing a shallow correction for wave B or whether we only see the beginning of a more complex correction. With the ECB on the agenda tomorrow I prefer to wait and see what structure tells me up to the news event and then decide whether or not to use a pending sell for EURUSD.

updates will follow