E EUR/USD May See Limited Upside In The Current Rally

We see EUR/USD trading higher, now at 61.8% Fib level where reversal may occur if we consider that there are five sub-waves within wave c, and also resistance of the fourth wave of two lesser degrees. We are waiting on a turndown, below current channel that should then confirm a weaker euro.

EUR/USD, 1H

Disclosure: None.

...more
How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free iPad Pro.