ORBEX: EURUSD - Incoming Corrective C, OR an Impulsive 3?
EURUSD could move higher to complete minor wave C near 1.1235/50 before continuing lower to end intermediate wave 5 of this bearish move. The said level is the 61.8% FE of the A,B minor waves could be even duplicated, creating higher highs compared to 1.1250.
Look for a valid break above A's top but focus on whether this is an intermediate 4, leading to further declines towards 1.06, or a minor 3, meaning that prices have reversed and the intermediate move down ended.
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice.
Look for a valid break above A's top but focus on whether this is an intermediate 4, leading to further declines towards 1.06, or a minor 3, meaning that prices have reversed and the intermediate move down ended.
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.