EURUSD Bearish Correction Is Complete? | Forex Factory

  • EURUSD Bearish Correction Is Complete?

    From orbex.com

    The formation of the EURUSD currency pair shows a bearish corrective wave ④ of the primary degree. Wave ④ is an intermediate (A)-(B)-(C) zigzag, where (A) and (C) are both impulses, and (B) is a standard zigzag. The intermediate impulse wave is not yet fully complete. Minor wave 4 is currently under construction and this is a minute double three. Most likely, the price will reach the level of 1.199, located on the resistance line, where the minute wave ⓨ will end. Then the price will begin to decline within the minor wave 5 to the 1.175 area. At that level, intermediate impulse (C) will be at 123.6% of impulse (A).

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DonFF
Mar 24, 2021 7:34pm
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Agreed

a scout trade to the upside should be on at 1.17500

Its currently at 28 day range bottom.

How the market makers did "last year" is almost always how they do "this year"

So they are likely to move up for Apr-May
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swing77
Mar 23, 2021 8:41am
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Not for eur, but FED chair is will be focus, how they keep USD stay cheap. but real player will play this game
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amsb
Mar 23, 2021 6:03pm
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To my eyes, EURUSD is still ranging, no clear direction where it will go yet.
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