EUR USD wave analysis
EUR is in a 3-3-5 corrective structure and is currently about to complete wave "e" of a smaller degree and Wave "B" of a larger degree.
This is a classic example of a very complex "B" Wave.
Once wave B is complete. It will go up [Wave C] to at-least break the top of wave "A" (unless structure changes to become a running flat). If it breaks the top of wave A (expanding flat), it can continue to go up more [it is technically difficult to forecast how much up Wave C can go, but it cannot go higher than the start of WAVE 1].
Once Wave "C" is complete, (which will also complete WAVE 2 of a larger degree) we can start looking for LONG TERM sell setup in the form of WAVE 3.
This is a classic example of a very complex "B" Wave.
Once wave B is complete. It will go up [Wave C] to at-least break the top of wave "A" (unless structure changes to become a running flat). If it breaks the top of wave A (expanding flat), it can continue to go up more [it is technically difficult to forecast how much up Wave C can go, but it cannot go higher than the start of WAVE 1].
Once Wave "C" is complete, (which will also complete WAVE 2 of a larger degree) we can start looking for LONG TERM sell setup in the form of WAVE 3.
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