1. EUR seems to be in wave 4 of the uptrend started in Nov 2017.
2. Wave 4 seems to be forming an extended flat structure started on 23 Jan with waves A and B completed and unfolding wave C.
3. Wave C should have 5 waves structure with target
5. I would expect stock market to go down during this correction, same for oil market.
6. I would also expect later one more leg upward in a bigger time-frame for EUR to complete 5 wave structure (should bounce from downtrend line started in 2008)
2. Wave 4 seems to be forming an extended flat structure started on 23 Jan with waves A and B completed and unfolding wave C.
3. Wave C should have 5 waves structure with target
- at least 1.2220,
- but since wave B went above the top of wave 5 the correction can be deeper, to the level of wave 4 i.e. 1.2170
5. I would expect stock market to go down during this correction, same for oil market.
6. I would also expect later one more leg upward in a bigger time-frame for EUR to complete 5 wave structure (should bounce from downtrend line started in 2008)