#EURUSD to appreciate in the next years
Since 1995, EURUSD has been in a ABCDE Elliott Wave formation.
In my opinion, it is in the beginning phase of wave D, which is an impulsive wave. Based on, trend-based fib time calculation, EURUSD can appreciate until 2024. It is a quite long time and trend-based fib time calculation is quite speculative but I at least think EURUSD is (and will be) in an uptrend.
1.25-1.40 range is a strong resistance range. EMA(8) and SMMA(12) golden cross can be in this range and if it passes above, the bullish tendency will be stronger up to 1.90 level.
Ps: Heikin Ashi is used to see smooth price levels.
Since 1995, EURUSD has been in a ABCDE Elliott Wave formation.
In my opinion, it is in the beginning phase of wave D, which is an impulsive wave. Based on, trend-based fib time calculation, EURUSD can appreciate until 2024. It is a quite long time and trend-based fib time calculation is quite speculative but I at least think EURUSD is (and will be) in an uptrend.
1.25-1.40 range is a strong resistance range. EMA(8) and SMMA(12) golden cross can be in this range and if it passes above, the bullish tendency will be stronger up to 1.90 level.
Ps: Heikin Ashi is used to see smooth price levels.
