EURUSD: Bullish and Bearish scenarios
#Bearish scenario:
- Big triangle ABCDE is ongoing since 13rd Mar. 2015.
- Wave {D} would be zigzag or double zigzags.
- If wave {D} is single zigzag, the correction by wave 2 of C is in progress.
- If wave {D} is double zigzags, downward (Y) wave will start after the correction by wave (X) .
- Target price is around 1.06 at the lower dotted line.
- Invalidation price is around 1.143 (the high of 24th Jun.: Brexit day).
#Bullish scenario:
- Flat ABC is ongoing since 13rd Mar. 2015.
- Wave {C} since 3rd Dec. 2015 is a expanding ending diagonal.
- Wave (4) of {C} could be done and upward wave (5) might have already started.
- Target price is beyond 1.17 (the high of 24th Aug. 2015).
- Invalidation price is around 1.082 (the low of 10th Mar.: Draghi day).
Best wishes!
- Big triangle ABCDE is ongoing since 13rd Mar. 2015.
- Wave {D} would be zigzag or double zigzags.
- If wave {D} is single zigzag, the correction by wave 2 of C is in progress.
- If wave {D} is double zigzags, downward (Y) wave will start after the correction by wave (X) .
- Target price is around 1.06 at the lower dotted line.
- Invalidation price is around 1.143 (the high of 24th Jun.: Brexit day).
#Bullish scenario:
- Flat ABC is ongoing since 13rd Mar. 2015.
- Wave {C} since 3rd Dec. 2015 is a expanding ending diagonal.
- Wave (4) of {C} could be done and upward wave (5) might have already started.
- Target price is beyond 1.17 (the high of 24th Aug. 2015).
- Invalidation price is around 1.082 (the low of 10th Mar.: Draghi day).
Best wishes!
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