meszaros

EURUSD wave inversion...

Long
FX:EURUSD   Euro / U.S. Dollar
Continuation of the analysis with the previous observation that the EURUSD movement is reversing. More specifically, the wave sequences rotate around the orange axis of symmetry. If my theory is still correct, then around 1.1169 the exchange rate will have to turn north again. In this case, I am calling a long position with a target price of 1.1455. This represents a 1.97% increase from the correction level.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.