EURUSD Bearish - 4HR EW Analysis
It appears that EURUSD has completed wave c - the final corrective wave of the EW pattern on the 1 and 4 hour timeframes.
From here, it is likely that the major trend continue. We can expect this pair to decline over the next several days, with a new impulse wave 1 forming as it heads toward the bottom of the bearish channel.
Of course, this is using only trend analysis and a news announcement or data point could negate this trend.
From here, it is likely that the major trend continue. We can expect this pair to decline over the next several days, with a new impulse wave 1 forming as it heads toward the bottom of the bearish channel.
Of course, this is using only trend analysis and a news announcement or data point could negate this trend.
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