DislikedHaving probably completed at 178.2, the earlier diamond correction still projects two possible targets, (now measured from 178.2) as being .. 175.7/8 and/or 174.3Ignored
And on that note, please take note that the eur/usd looks to be in a small bounce whilst in a downward trend....I might consider shorting.
DislikedGiven the price movement around 177.60, I'd say we're in shape for testing 177, with a bit of a bumpy road at 177.30 (quarterway between 2 fibonacci S/R). 177 will be the main source of contention; if that gives way, and the gbp/usd & usd/jpy prices coincide in mvoement as well, then we're probably gunning for 176.60/50, followed by 176 & 175.70/50. 175.70 is a great place to scalp longs for bulls & a good place for bears to cash in their shorts. There's lower risk than usual for longs, since it's the lowest point in 2015 for the geppy. those areas always get respected at least, so if the market seems to turn south, you could also choose to leave early. Go bears, go!Ignored
Testing 177 - Not yet
Testing 176 - Not yet
Testing 175.70 - Not yet