A number of factors converge to support a long position in the EUR/USD. In an ideal scenario, we put in a daily bottom around current prices and move up to a wave 4 completion followed by a final thrust to new lows, which is a bottom. If this pattern works out, we have the following confluence:
* wave 5 (blue), of wave 5 (yellow), of wave 5 (green)
* 5th wave...
