Following my previous study on EURUSD 02AUG2017 - check link bellow - I expect that price will close this week above 1.1731, however with weekly Candle in RED or NEUTRAL (important).
With that in mind, I assume that price will support at 1,1731 next week (week Low) where will be perfect aligned to jump up to 2 possible targets.
First target is 1.1918, that for me is the most probable for this month. If prices tends to close above, then is most certain that 1.2033 will be the target. If that is the case a 4th wave will come down very hard at around 1.969, to around 1.178, followed by a 5th wave to target.
With that in mind, I assume that price will support at 1,1731 next week (week Low) where will be perfect aligned to jump up to 2 possible targets.
First target is 1.1918, that for me is the most probable for this month. If prices tends to close above, then is most certain that 1.2033 will be the target. If that is the case a 4th wave will come down very hard at around 1.969, to around 1.178, followed by a 5th wave to target.
