EUR$ still dropping as expected.
Apparently wave [ii] did end and we have ha d a leading diagonal for wave (i). EUR$ should rise 1.3690 then fall hard. 1.3734, end of wave [ii], is key and should not be broken to upside.
EUR$ has bottomed. Now we move up.
Jst about time to go long. First target is 1.3804.
Caution:
There is a second scenario to the above (without changing the labelling). Wave (c) might not be complete. In this case we expect EUR$ to fall to 1.3699 level then move up strongly . This scenario will be rendered irrelevant IF EUR$ moves below 1.3690. Gudday.
There is a second scenario to the above (without changing the labelling). Wave (c) might not be complete. In this case we expect EUR$ to fall to 1.3699 level then move up strongly . This scenario will be rendered irrelevant IF EUR$ moves below 1.3690. Gudday.
I expect EUR$ to fall, probably below 1.3647, in wave [b].
Looks like EUR$ is forming a combination with wave (w) complete. We shld expect zigzag or triangle for wave (x).
Wave (i) impulse.
Wave (i) appears set. Expect a correction into erly next week.
We shld be having the first impulse wave to downside.