We have just seen a very good retest of the breakout support.
If this hold the potential upside would be around 6% over the next 4 to 8 weeks.
If my count is correct it should not go below 1.45991 as wave 4 can not break into wave 1 price territory.
If it breaks the breakout support line as well as 1.45991 I will close the trade.
The Euro's strong bullish sentiment could change over the next few weeks so something to be aware of.
Could be a really nice ride up if it plays out.
I will keep a close eye on this one and update my plan weekly.
If this hold the potential upside would be around 6% over the next 4 to 8 weeks.
If my count is correct it should not go below 1.45991 as wave 4 can not break into wave 1 price territory.
If it breaks the breakout support line as well as 1.45991 I will close the trade.
The Euro's strong bullish sentiment could change over the next few weeks so something to be aware of.
Could be a really nice ride up if it plays out.
I will keep a close eye on this one and update my plan weekly.