EURUSD Setup for the coming weeks for FX:EURUSD by SwingingPrime

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trendanalysis harmonicpatterns chartpattern

These are my projections based on the level 1 formed on EURUSD .

Please confirm each move with your analysis. Share your thoughts. Thank you.

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Comment: The fib retracement was a mistake. I must moved it with when trying to put the arrows in place. The lower end should start from 1.08043

Comment: If you are on this trade with me, please close now. Its either a retracement or price reversal, eitherway we can find a better entry. This is just an advice.

Trade closed manually

Trade active

Comment: LVL 2 on this projection achieved, retracement about to begin

Trade active

Trade closed: target reached

Comments

I think EU should break the support nd head to the down side

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Rudethug

@Rudethug, I thought so too, I was previously on a sell. However, Price closed on the 50%fib (golden zone) retracement on friday from a strong move up; that rejected the monthly support and broke the top of the wedge (from last swing high). I am very biased uptrend right now. Moreover, the USD is weaker at the moment

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