Strike Analytics

Euro

17 Mar 202102:40 PM

It may be close to the time where we have to consider this, the Euro ended a 5 wave advance and wave 1 longer term, and the decline is wave 2, and the converse of that could be that the dollar bounce is not wave 2 of 3 but wave 2 itself. The Euro then has room till the wave IV low of 1.17 to complete wave 2 even though a double zig-zag is already done. We need to watch out for a triple or a clear sign of a bottom like a wedge or a triangle formation.

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