EURUSD Wave B still needs to confirm bottom

12 сент. 2018 г.

The EURUSD hourly chart continues to take its own time to confirm a potential bottom in place at 1.1526 or lower? Corrective waves are mostly trick and they can have tendencies to produce complex structures. Looking at the most probable wave count depicted here, it seems Wave B is still probably unfolding into a zigzag a-b-c structure. Furthermore, it could be seen that wave b possibly terminated at 1.1643 yesterday, before EURUSD reversed sharply. Ideally, there could be enough room for a drop towards 1.1450/70 levels, until EURUSD stays below 1.1660/70 levels.


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