I wuold like share my long terms idea on EURUSD.
The cross has broke the channel long after top on 1.12
Probably we are on ABC structure and in a short channel (in red)
IF we are in ABC structure probably we will be in wave C final
From my point of view we have completed the first and second wave of C and for the next week we can have the final 3 and 5 wave with first target target 1.06 and second target 1.03 and final value 1.
The cross has broke the channel long after top on 1.12
Probably we are on ABC structure and in a short channel (in red)
IF we are in ABC structure probably we will be in wave C final
From my point of view we have completed the first and second wave of C and for the next week we can have the final 3 and 5 wave with first target target 1.06 and second target 1.03 and final value 1.