BB-Trades

BB-Trades

It appears that EURUSD has completed wave c - the final corrective wave of the EW pattern on the 1 and 4 hour timeframes. From here, it is likely that the major trend continue. We can expect this pair to decline over the next several days, with a new impulse wave 1 forming as it heads toward the bottom of the bearish channel. Of course, this is using only...

BB-Trades

The 1D Chart shows EUR/USD beginning wave 5, which is the lowest of the impulse waves (in a bear trend -it is the highest in bull market). This suggests the EUR/USD pair will return to the channel and continue a downtrend towards 1.067-1.041 over the next several weeks. More EW of this pair in different time periods to be published shortly.