Hi Traders,
We've seen EURUSD breakout of the Ending Diagonal with a bullish impulse wave. An impulsive breakout is quite significant because it simply means that the diagonal pattern is complete and that the market is ready for long positions. We have a gartley pattern which suggests a long entry if price reaches the 1.0974 region.
In summary, I'm bullish on EURUSD unless the market proves otherwise.
Regards,
Wave Theorist.
We've seen EURUSD breakout of the Ending Diagonal with a bullish impulse wave. An impulsive breakout is quite significant because it simply means that the diagonal pattern is complete and that the market is ready for long positions. We have a gartley pattern which suggests a long entry if price reaches the 1.0974 region.
In summary, I'm bullish on EURUSD unless the market proves otherwise.
Regards,
Wave Theorist.