EURUSD: Wave C in Motion
The EURUSD pair continues its upward movement, which I identify as wave C of a higher degree. This suggests that the market is currently completing a corrective Zigzag or Flat pattern, with further upside potential before a possible reversal.
If this scenario holds, we should expect price expansion toward key Fibonacci extension levels, confirming the completion of wave C before the market establishes a new direction.
If this scenario holds, we should expect price expansion toward key Fibonacci extension levels, confirming the completion of wave C before the market establishes a new direction.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.