Hello.
EURUSD Time Wave analysis update.
EURUSD seems to have almost confirmed the pattern with the second monthly correction process. Therefore, it seems difficult to break through the high until the monthly correction trend line is completed. If it breaks strongly, it will turn into a reversal pattern.
Overall, it is a form of a monthly downtrend, and it can come down to the 1.10 position near the new monthly demand zone again.
Here, a strong buy demand is expected, and an upward impulse is expected to break the last monthly correction trend line of the downward wave.
We will update again when changes occur.
good luck.
EURUSD Time Wave analysis update.
EURUSD seems to have almost confirmed the pattern with the second monthly correction process. Therefore, it seems difficult to break through the high until the monthly correction trend line is completed. If it breaks strongly, it will turn into a reversal pattern.
Overall, it is a form of a monthly downtrend, and it can come down to the 1.10 position near the new monthly demand zone again.
Here, a strong buy demand is expected, and an upward impulse is expected to break the last monthly correction trend line of the downward wave.
We will update again when changes occur.
good luck.