Candlestick matches in dollar price action (see blue boxes) and fairly clear impulse wave structure suggest a move now to 99, and possibly further advances. Buy 98 for 99, L 97.50, 2:1
im afraid not to ruin bulls joy but in medium term i see dollar down /check the comments/ and this might be the beginning of it as also ti have similarity with A wave.
and cose of the similarity of those two up moves in yellow parallel im thinking this might be a running flat as in wave A and expecting a big down move,
or at least it can drop down for ending...
After two days of losses, EURUSD makes recovery attempts on Wednesday but the rebound looks unsustainable and the common currency is still vulnerable. Following a rejection from early-May highs around 1.1260, the prices struggle to stay above the 1.12 handle.
German Q1 GDP came in as expected at 0.4% q/q. This is the first quarter growth since Q2 2018. The...
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