Sunday, July 26, 2015
EURUSD Downside Target Levels
I just wanted to follow-up on my EURUSD analysis and prepare for possible lower levels this week. Under the current count, the EURUSD is set to fall sharply in a wave (3). If so, a likely target will be the 161% Fibo of Wave (1) at 1.0388. Fibo extensions, which are likely in third waves, continue to the 1.0140 and 0.9740 levels.
I'll update the short term action as it unfolds, and readjust the count as warranted.
PLEASE NOTE: THIS IS JUST AN ANALYSIS BLOG AND IN NO WAY GUARANTEES OR IMPLIES ANY PROFIT OR GAIN. THE DATA HERE IS MERELY AN EXPRESSED OPINION. TRADE AT YOUR OWN RISK.