DanV
Long

EURUSD - Bullish

FX:EURUSD   Euro / U.S. Dollar
602 views
1
Low @ 1.2660 appears to be wave 4. If that is correct, then we are now in wave 5 with expected target of 1.3250 -1.34

This is assuming that at July low we have 1 - 2 which is more cautious count (less bullish ).

However, whilst working with less bullish , I am not entirely happy with that. I think we have super nesting with 1 - 2 , 1 -2 sequence. If it turns out that we have super nesting, then in fact we are in wave 5 of larger wave 3, which could easily take EUR to well above 1.34, possibly 1.37 -1.4 for full 5 waves count to complete.

Comments

More than hit the target, took little longer than originally expected but no regrets.
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