Here's a quick view of the current wave count of EURUSD.
A few notes regarding the chart:
1) one last movement down is still needed to complete wave of the main movement since 2011. We did not observe any divergence on daily MACD when we reached new lows in Jan 2015, which makes me think this was a local wave 3 within , so we need to make another move down which will correspond to wave 5 within .
2) A few months of correction will follow as the market will need to digest the large movements observed since Jul 2014 last year. This will correspond to wave .
3) I believe the decline in EURUSD will continue in 2015 - for a general view of EURUSD see related chart.
A few notes regarding the chart:
1) one last movement down is still needed to complete wave of the main movement since 2011. We did not observe any divergence on daily MACD when we reached new lows in Jan 2015, which makes me think this was a local wave 3 within , so we need to make another move down which will correspond to wave 5 within .
2) A few months of correction will follow as the market will need to digest the large movements observed since Jul 2014 last year. This will correspond to wave .
3) I believe the decline in EURUSD will continue in 2015 - for a general view of EURUSD see related chart.
