Chartist4312
Short

Expecting one more impulsive intermediate wave down

FX:EURUSD   Euro / U.S. Dollar
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3
There is still a large bigger downtrend on this pair's longer timeframes. I am expecting one more impulsive leg down to form a wave 5 in the wave pattern I currently see on this daily chart .

Price is as well currently inside a descending triangle , which increases the chance for a break down today or tomorrow since we are very close to it's apex.

If price would alternatively break up from the descending triangle , I am still short until at least the weekly dotted downward sloping (dark pink) trendline is broken.

The swaps on this pair is currently positive for selling, which favors holding shorts.

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