#eursdprediction

My previous post for the EURUSD which called for a sell off can be found here: EURUSD based on FXCM’s data (chart used in this analysis) finished the sell off close to the second target area of ~1.20582

It was mentioned in my previous for the EURUSD that it was possibly in a minute wave ((c)) position that is part of an Elliot wave combination (W-X-Y) structure that commenced on April 2, 2018. Price action

The meandering price action of the EURUSD is captured in this analysis in a descending triangle. This chart pattern is ideally bearish. A close above ~1.24900 is marked as the point of invalidation (POI)

The 4hr of the EURUSD currently is identified in this analysis to be in a Minor wave C position that is part of an Elliott wave combination (W-X-Y) structure. Red lines on the chart indicate resistance