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Same eurusd trendline i posted yesterday...Just bounced right off the ink.
Its a bit ragged but has to be taken into account.
 

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good hunting
 
Good morning

I won't be trading today (trying to cure my trading addiction), but I can analyse as much as I like.

Here is how I see eur/usd - Elliott waves etc. Whatever the case it's in an uptrend imo.
What do you think? Can you comment on it/ draw different waves etc.?

Thanks
 

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Good morning

I won't be trading today (trying to cure my trading addiction), but I can analyse as much as I like.

Here is how I see eur/usd - Elliott waves etc. Whatever the case it's in an uptrend imo.
What do you think? Can you comment on it/ draw different waves etc.?

Thanks

How about this scenario ?
 

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How about this scenario ?

That could be a good scenario with excellent r/r if it rejets the high from 8/3 ( round 1.3295 - not that far at the moment)

I attached 4h chart with 8/3 high (marked with red horisontal line)
 

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Last edited:
Good morning

I won't be trading today (trying to cure my trading addiction), but I can analyse as much as I like.

Here is how I see eur/usd - Elliott waves etc. Whatever the case it's in an uptrend imo.
What do you think? Can you comment on it/ draw different waves etc.?

Thanks

Yes, could turn, nearly reached 61.8 retracement and double top, but I would not consider it until the uptrendline is broken and even tested, otherwise she can go till 78 retracement or even 100 to test the highest double top if she breaks the lower one(cup and handle, sort of). But this is only speculation, the momentum and the underlying condition is required to take advantages and profit from it.
 

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Eur/Usd looks interesting.
Will it bounce on the support and up or fall thru and down. Next few mins should tell imho
 
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