Euro Extending Towards 13935-Support at 13835
60 Minute Bars
Prepared by Jamie Saettele, CMT
The EURUSD rally from the low is in 5 waves so a top should form early next week. After completion of a 5 wave advance, one should expect a 3 wave move in the opposite direction (which is lower in this case). The final subdivisions of wave 5 look likely – resistance is 13936 (mid September high).
Trend Strength (M,W,D) – (1), (2), 1
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