Eurusd monthly

FX:EURUSD   Euro / U.S. Dollar
Rally from Jan 17 to Jan 18, now a 61.8 % fib retracement of that. March 15 and Dec 16, double bottom plus positive divergence RSI and price (i.e. lower price but RSI nog making new low). In Elliot wave terms could be Jan 17 to Jan 18 Wave 1, retrace to 61.8 % wave 2 and now wave 3 unfolding.

This should be evident fairly quickly

If not then something else is happening

TA is not an exact science

Comment: Breaking out - wait for pull back to test break out to add longs - targets 1.18 to 1.20


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