EURUSD I hold a short position.

EURUSD I hold a short position. There are no new developments compared to my previous EURUSD analysis. In my opinion, EURUSD could build a further downward wave sequence. This is supported by the fact that the current resistance level is the W1ATR50%. This is a very strong weekly resistance level. W1ATR means how far the price movement can go in a week based on the weekly ATR (14 week average). W1ATR50% is half of this value. In the event that the EURUSD moves downwards from W1ATR50%, we would see an accelerating fall of the euro, similar to the movement of bitcoin. I suspect that this is also seen in the bitcoin forecast. So the movement of EURUSD and BTCUSD could show a correlation. In case the idea is correct then the target price for EURUSD is : 1.14772