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EUR/USD Reaches Bearish Wave 3 Target at 1.1750
The EUR/USD broke below the previous bottom (dotted blue line) and made a new lower low. The bearish breakout managed to reach the quarter level of 1.1750, which could be the main target for the wave 3 (purple). Price can sometimes extend further and hence it is possible that price could reach the next Fibonacci target as well but a break below 1.1750 support is needed. Otherwise it seems more likely that a wave 4 (purple) correction will take place. The EUR/USD seems to have completed a bearish wave 5 (green) and price could be building a bullish correction within wave 4 (purple) of the 4 hour chart. A bullish break ... (full story)
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Beware of robber banks (RB), bad advisors.
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