This is still our main count on EurUsd.
There is some very nice bullish Divergence between wave 3 and wave 5 of wave a of W, which also suggests that EurUsd should enter recovery mode.
EurUsd is now searching for a bottom and a significant 3 wave recovery should surface very soon!
However this is not yet a buying recommendation, picking bottoms are very tricky...
We would like to see more price action and a possible bottoming pattern or 5 waves up before entering.
There is some very nice bullish Divergence between wave 3 and wave 5 of wave a of W, which also suggests that EurUsd should enter recovery mode.
EurUsd is now searching for a bottom and a significant 3 wave recovery should surface very soon!
However this is not yet a buying recommendation, picking bottoms are very tricky...
We would like to see more price action and a possible bottoming pattern or 5 waves up before entering.
