Preferred view suggests wave (( B )) has completed at 1.5355 and pair has resumed the decline in wave (( C )). Wave B pull back is expected to fail between 1.5186 – 1.5225 and  should stay below 1.5355 peak for this view to remain valid which calls for another leg lower toward 1.4747 – […]

Triangle thrust in progress Pair is nearing completion of wave (( a )) and should pull back in wave (( b )) after a marginal new high. Following wave (( b )) pull back, we expect the pair to trade higher toward 1.10 and may be even as high as 1.11 area to end a […]

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Preferred view is that wave X has completed at 1.0637. While above this level, more strength is expected toward 1.0835 – 1.0875 to complete wave “b” on the daily time frame. Hourly cycles are positive so we don’t like selling in proposed wave ( b ) pull back.

Drop from 9951 – 9723 was a corrective 3 wave decline and stopped right in the middle of our green zone. (Recall Green Zone is the zone where we expect buyers to appear and traders can look for long positions). Buying has stopped the decline in the green zone so far. Let’s see what happened […]

EURUSD is getting close to 1.618 ext of 1.3893 – 1.3727 drop which should ideally complete wave (( iii )) down. Alternatively, pair is already in wave (( iv )). While below 1.3694 (50 fib), expect at least 1 more leg down in the pair to complete a 5 wave structure [jwplayer mediaid=”146150″]