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EURUSD - The downtrend is over! New bull market + Elliott Wave
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EURUSD - The downtrend is over! New bull market + Elliott Wave
由UnknownUnicorn2537518提供
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2022年7月27日
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2022年7月27日
EURUSD successfully maintained the 1.0 USD level.This is a significant psychological level!
As per my Elliott Wave analysis, this huge downtrend should be over, and now I expect a corrective move to the upside.
An impulse Elliott Wave has been successfully completed. Let's see how big this correction is going to be.
On the daily chart, we can spot a beautiful descending parallel channel, and I think the bulls can step in to destroy this pattern!
As you can see on the chart, we had 2 fakeouts during this downtrend and this indicated a corrective move. Usually, the third breakout is real!
The profit target is at 0.618 FIB + the start of wave 4.
Look at my ideas about Gold, Bitcoin and Ethereum in the related section down below.
For more ideas, please hit "Like" and "Follow"!
0618
Bearish Trend Line
Descending Triangle
Elliott Wave
EURUSD
Falling Wedge
Fibonacci Retracement
Fundamental Analysis
Support and Resistance
USDEUR
volumeanalysis
Zigzag
UnknownUnicorn2537518
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