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31 Jul 2020 ‚óŹ 05:49 AM

The Euro continues to extend despite short term overbought readings, and my elliott wave markings suggest the move up is not done even after 3=1 being achieved. In the final move we are in wave iii and a iv and v up are left. If it extends a lot we could go to the next Fibonacci number where 3=161.8% of 1 near 1.225. That is a lot but till we get a clear sign of this ending the next level is open. The major resistance line you see on the chart is the falling trendline from the 2008 high at 1.2087

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