EUR/USD could complete its triangle continuation pattern here

26 Haz

In July 2023, this pair could possibly complete its diagonal pattern of 5 waves.
Since then, it looks like this is a triangle pattern

If you look closely, each leg of this triangle conform to a fibonacci level almost perfectly
and last week could be a completed E wave of this triangle


Upside target in 1 year time frame should be one of these red lines



If the E wave is completed, price should not go lower than 1.067
If the price go lower than 1.059, this triangle will be invalidated.

27 Haz

Yorum

Looking at DXY. Last night could be the final wave of C wave of flat correction
ending in diagonal pattern.
This also support bullish case for EUR/USD

12 Tem

Yorum

Now price has broken out of its triangle trend line. let's see if it holds.