EURUSD Corrective Wave Forming

Ville Vainio

EURUSD is forming a corrective minute wave (B). The last part of this large correction is half way done and should be 3 wave, A-B-C structure. The “thrust” measurement from the triangle is giving target of 1.1495 and Fibonacci expansion projection gives target about 1.1445 so those targets should give indication of the top for this minor wave Y.

EURUSD 4 hour Chart

EURUSD 4 hour Chart

EURUSD Daily Chart

EURUSD Daily Chart

Source: vivaico.com

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