EURUSD Daily Chart
Secondary trend indicating a Distribution Phase. Bullish Momemtum
seems to be showing a correction. Stage requires requires careful
analysis by the use of the Oscillators (RSI, STOCH), as well as
the Elliot Wave analysis.
Secondary movement normally warrants that the new Higher Low will
be above the previous Low. Advance and break through resistence
trend line to follow.
Corresponding Price Projection 1.18616
seems to be showing a correction. Stage requires requires careful
analysis by the use of the Oscillators (RSI, STOCH), as well as
the Elliot Wave analysis.
Secondary movement normally warrants that the new Higher Low will
be above the previous Low. Advance and break through resistence
trend line to follow.
Corresponding Price Projection 1.18616
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.