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EUR/USD Bearish - Beginning of Wave 5 on Daily
Euro / U.S. Dollar
Short
EUR/USD Bearish - Beginning of Wave 5 on Daily
By BB-Trades
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Feb 21
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Feb 21
The 1D Chart shows EUR/USD beginning wave 5, which is the lowest of the impulse waves (in a bear trend -it is the highest in bull market).
This suggests the EUR/USD pair will return to the channel and continue a downtrend towards 1.067-1.041 over the next several weeks.
More EW of this pair in different time periods to be published shortly.
Chart Patterns
elliottwaveanalyis
elliottwaveprojection
Elliott Wave
Trend Analysis
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