its_new_wave

EURUSD: Up to 1.165 ?

Long
FX:EURUSD   Euro / U.S. Dollar
In previous idea I wrote that I wait a rise above 1.15. This scenario has broken a little bit and the rise was two times small that I wait. Those days showed that correction from the 13th of March does not end yet, because this pair have not done a impulse wave down and also the movement from 1.0818 does not look ended. I remarked waves and now I think the pair did wave (A) , now are working in a flat correction in wave 5 of wave (B) with possible target 1.108 or a little bit lower. Next wave should be the wave (C) with with target 1.165 = wave (A) = wave (B) and until at 1.18 = wave W = wave Y.
This picture are looking clearly: wave combination of W-X-Y.
I think this rise should be the last rise which will take a good deep correction to fall from 1.39.
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.