EURUSD - Short Possibility (Waiting for the Corrective Wave 4)
Currency Pair: EURUSD
Frequency: Daily
Predicted Direction:
Short (Corrective Wave 4)
EURUSD is most likely completed the impulse wave 3 on the resistance level of 1.207/209. The price had a strong retracement after hitting the target above 1.20 the round psychological level. After completing the wave 3, EURUSD will soon to have a corrective wave 4 towards to the first target 1.7280 - 1.16975 (38.2% FIb from Dec 2016). It could be a potential support zone for Wave 5 to be completed. However, if it breaks, then 1.14385 - 1.14000 support zone combining with 38.2 Fib and the descending trend line (Red) would be the second support.
Frequency: Daily
Predicted Direction:
Short (Corrective Wave 4)
EURUSD is most likely completed the impulse wave 3 on the resistance level of 1.207/209. The price had a strong retracement after hitting the target above 1.20 the round psychological level. After completing the wave 3, EURUSD will soon to have a corrective wave 4 towards to the first target 1.7280 - 1.16975 (38.2% FIb from Dec 2016). It could be a potential support zone for Wave 5 to be completed. However, if it breaks, then 1.14385 - 1.14000 support zone combining with 38.2 Fib and the descending trend line (Red) would be the second support.
Note
Note
Perfectly hit the first support zone of 1.7280 - 1.6975. Waiting for more signals to confirm the reversal. 
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.