EUR/USD - Triangle likely complete

18 ביולי 2016

As long as we're below 1.1097 I believe the triangle is complete and a wave 1 has started. A break below 1.1025 would confirm this and I'm targetting initially 1.06 (the bottom of the larger triangle we're potentially in, see weekly chart). And later on we should see new lows (below 1.04) because we are in a larger wave 4. Above 1.1097 would delay this.