Euro / DollaroLong
EURUSD Wave Analysis
EURUSD acted like predicted in the last analysis. Due to the market volatility the target was reached much faster.
On the fiscal side we got another rate cut from the FED yesterday. Emergency (cut) is the word of the time.
Typically for Wave 2, price found support at the 61% Fibonacci level. We are already getting higher highs on the smaller timeframe and already got an entry on 1H chart.
Target for the next Wave is the 161% Fibonacci level, so around 1.192xx.
This is no investment advice. Just for educational purpose.
On the fiscal side we got another rate cut from the FED yesterday. Emergency (cut) is the word of the time.
Typically for Wave 2, price found support at the 61% Fibonacci level. We are already getting higher highs on the smaller timeframe and already got an entry on 1H chart.
Target for the next Wave is the 161% Fibonacci level, so around 1.192xx.
This is no investment advice. Just for educational purpose.
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