$EURUSD clear break of trend line resistance. This is exciting.

Just a quick post on my EURUSD Elliott wave count. In the previous post, I mentioned that I was very cautious on cross USD trading from that time. Now we know why.

So for now, I am concluding that 1.3265 was the mid term bottom of the EURUSD. Now it may be entering the purple .II rebound phase, and I corrected my Elliott wave count accordingly.

Basic technical analysis tells us the previous trend line resistance that has just overcome will now act was the support. I will watch for the retracement that should appear as non-impulse before I try buying EURUSD.


Quite a bit of actions here. Any traders should be excited!

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