EURUSD Medium Term Wave Analysis:
Market finished its bigger correction of wave 2. Wave C travelled to excatly the 61% fibonacci level.
Price made a strong move to the upside and formed a nice weekly bullish pinbar at support
We are now in wave 3 and the first target is 1.135xx.
Wave 3 could happen really fast as it is generally the most impulsive one.
Look for entry on lower timeframe, some kind of consolidation pattern like a flat or wedge before the next breakout to new highs.
Market finished its bigger correction of wave 2. Wave C travelled to excatly the 61% fibonacci level.
Price made a strong move to the upside and formed a nice weekly bullish pinbar at support
We are now in wave 3 and the first target is 1.135xx.
Wave 3 could happen really fast as it is generally the most impulsive one.
Look for entry on lower timeframe, some kind of consolidation pattern like a flat or wedge before the next breakout to new highs.
