EURUSD Wave C still being carved out. 1.1432 levels critical

2018년 10월 24일

The EURUSD short term story seem to be suggesting that a triangle could be unfolding as Wave 2, within proposed Wave C rally towards 1.1850 and higher. This looks like the most probable count for now and if this should hold, we could see wave e termination of triangle any moment now before prices break above the 1.1500 levels again. Please also note that prices would not break below 1.1439 or 1.1432 levels for the triangle structure to remain intact. On the alternate side, a break below 1.1432 levels could see a drop towards 1.1350 levels before it hits a fibonacci support again. Overall, bullish structure remains intact till prices stay above 1.1432 levels for now.


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