Eurusd continues the larger down trend

28 giu 2018

Eu looking to complete an abcde triangle around 1.16500 the 61.8 retracement of wave c of the triangle abcde. triangles are always good hint that we are at wave 4 of the trend therefore we expect atleast one last drop of wave 5, which will be around 127-161 extention of wave 3. that is the 1.10-1.09 level of the EU. Strong dollar are contributing factor, as you can also check that the dollar index is making higher highs looking to go around 96 atleast