EURUSD

16 jul 2017

Note that the trend for D1 forms the final fifth wave, despite possible channel breakdowns on W1, we will soon see a strong corrective wave downward, presumably to zone 1.08. I assume breakdown of this zone and continuation of the fall within the fifth wave of the weekly (!) Timeframe into the parity zone. If the assumption is not true, and we see the formation of a long-term (!) Uptrend (since we can assume that the last local minimum is 1.03 and was the final fifth wave for W1), we still expect a drop to zone 1.08 (this will be the second correctional wave ( B) and if the breakdown does not occur, we will look for entry points in long to continue growth in the third impulse wave.I repeat that this upward trend consisting of five waves is nearing completion.We expect either the second correction wave and the continuation of growth in the third (targets above 1.20 ) Whether in the breakdown zone is 1.08 or below, down pulse in the parity area.

19 jul 2017

Nota

At the moment we are waiting for the week candle to close.

I am sure that this will eventually prove to be a false breakdown. Also on the daily chart, the final fifth wave ends.
ru.tradingview.com/chart/5ZHVMDsb/