Euro / DollaroShort
EURUSD SHORT PERSPRCTIVE, D1/W1
In this analysis, I believe that the market will make a 38.2 retracement of wave A.
(WAVE A: Bullish commencement [01/02/2017] - Potential Bear Wave/Consolidation [08/28/2017])
Note that the dashed lines within the 38.2 area represent a channel of past support and resistance.
If my hypothesis is correct, then the market will return within that area.
I'm mainly focusing mainly on 1.13876 as a TP
I'll keep an eye on the development and see if potential patterns form.
(WAVE A: Bullish commencement [01/02/2017] - Potential Bear Wave/Consolidation [08/28/2017])
Note that the dashed lines within the 38.2 area represent a channel of past support and resistance.
If my hypothesis is correct, then the market will return within that area.
I'm mainly focusing mainly on 1.13876 as a TP
I'll keep an eye on the development and see if potential patterns form.
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