EURUSD - Is this a potential turning point to the downside?

2 Ağu 2016

EURUSD is approaching an interesting level @ 1.1230-60 where there are multiple confluences, the 0.618 retrace level from the brexit drop, a 1x extension @ 1.1226 from a ABC flat correction and it looks like there's a possible 5 waves up which fits the flat profile, also the top of a corrective channel is in this vicinity.

Watch this space!