DislikedEUR/USD COMPLETE REPORT ==================== I maintain my medium term bullish outlook on euro. After the completion of the 4th wave of the 5 impulsive bullish waves, the 5th wave is performing in 5 legs diagonal triangle formation. leg 1 [1.1552-1.1960] , leg 2 [1.1960-1.1716], the 3rd leg took place from 1.1716 and reached Friday 1.2188.The 3rd leg potential target is between 1.2277 and 1.2375.After the completion of the 3rd leg , the Euro is expected to make a downward correction to complete the 4th leg before resuming rally to complete the 5th...Ignored
High probability that the 3rd leg of the 5th wave diagonal triangle ended at 1.2325 because :
-Doji evening star formation
-Head&Shoulders formation on 60m
The 4th leg of the 5th wave diagonal triangle has potential target 1.2090-1.2030.