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EURUSD: Beginning the Year And a Bottom Is Near

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 5, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Happy 2016, everyone! We hope you had a fantastic new year. As expected the euro moved towards the upside, reached our first target at 1.0896, and exceeded it by 50 pips, completing a contracting triangle of a fourth-wave correction. And as is invariably the case on the completion of a triangle, price should witness a dramatic drop very soon. We’re updating our counts to reflect the most recent price action and to present tighter targets and invalidation points. Weekly Main Count –

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