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EURUSD : Impulsive Price Action In Progress

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 4, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    EURUSD pair broke sharply to the upside yesterday which has been technically expected after a completed triangle at 1.0810 area where we spotted end of a wave E in B). As such, current leg up is a new impulse, ideally wave C) of (C) which may face limited upside in the next few days. But we still need a five wave rally from 1.0810 before bullish waves can be done. Ideally upside will be limited near 1.1200-1.1330 area this month. EURUSD, 4H

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