EURUSD Retracement 1.13 - 1.19
EUR may have bottomed yesterday at 1.15 to end the B leg and has started a 5 wave C leg to 1.19.
An alternative count allows for one more minor leg down into the 1.1450's before completing B, end result is the same a move up to 1.19 is imminent.
An alternative count allows for one more minor leg down into the 1.1450's before completing B, end result is the same a move up to 1.19 is imminent.
Note
EURUSD 1.1526 - So think we can now say if it trades under 1.15 there is another leg down to go, if over 1.16 it has already bottomed outNote
Still doesn't feel like were in part of a new down wave.The above count is still valid unless the EURUSD decline starts to accelerate
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