EUR/USD almost hit WMA50 (1.1506 ) in week of Oct. 12 but failed. That's why 4-D
downward wave was extended. However it is still holding ascending Channel bottom
line since 1.04613 at Daily, Weekly and Monthly. We will still expect one more upward
wave 4-E.
52 weeks consumed for (1.3966--1.0461)-downward waves. We spent 33 weeks for wave
4 consolidation (52 x Fib.61.8%=32.14 weeks so far). However EUR/USD's favorite Fib. No.
used to be 76.4%, which means (52 x Fib. 76.4%=39.73 weeks). We still have 6 weeks more.
Monthly close is keeping above Fib. 61.8%(1.0939) support (Oct. 31).
Therefore it's Time to Reversal.
Nikita FX (climbingfx.jugem.jp/ )
downward wave was extended. However it is still holding ascending Channel bottom
line since 1.04613 at Daily, Weekly and Monthly. We will still expect one more upward
wave 4-E.
52 weeks consumed for (1.3966--1.0461)-downward waves. We spent 33 weeks for wave
4 consolidation (52 x Fib.61.8%=32.14 weeks so far). However EUR/USD's favorite Fib. No.
used to be 76.4%, which means (52 x Fib. 76.4%=39.73 weeks). We still have 6 weeks more.
Monthly close is keeping above Fib. 61.8%(1.0939) support (Oct. 31).
Therefore it's Time to Reversal.
Nikita FX (climbingfx.jugem.jp/ )