Euro/Dollar Forecast

In line with the long move on the dollar we've had a push down in the Euro but I'm still looking for a B Wave back up. (Just as I'm looking for a short 5th wave on the dollar index) In my last forecast I was expecting a long b wave which we got but it was of a lower magnitude than the one I expected. That does not change the long term forecast which is for the B wave up. Just as the 4th wave on the Dxy is a zigzag we now have a zig zag for the A wave. Once complete we'll have a long trade for our B wave. Any long set up now may be worth a punt.

I'll update my ideas as they develop
First rule of trading - Protect you capital

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Always wait for an entry set up before risking your money.

This is not investment advice - it is purely for educational and discussion purposes.
Your Ideas, comments and questions welcome

Good luck Steve Nixon

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