Possible Double Top in EUR/USD

2018年1月3日

I had to readjust my weekly count for the EUR/USD. This is my first alternative. Instead of an wave C down, wave B is still unfolding. Therefore the pattern since September 2017 looks like a Flat. B is now at the 100% Retracement of A. It looks like a possible Double Top but there is no further indication for a short move. Wave B could advance at the 1.24 level where the 161.8% Retracement is. This would be the max. target for this count. Any further advance would invalidate this count. Since there are no signs of weakness I expect the EUR/USD to climb to higher levels (at least to new highs above 1.2092).