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FibnFork
12 de Ene. de 2018 14:13

EURUSD 5th wave over? 

Euro Fx/U.S. DollarFXCM

Descripción

Still in need of a confirmation in turn around of the current dollar trend but strong key levels being tested around this level on EURUSD
  • 0.5 fib retrace off 2014-2017 decline
  • Long term key pivoting level for EURUSD around ~1.215 (June 2010 + July 2012)


Top of near term parallel channel. 5th wave = 1st wave here. RSI divergence on multiple time frames which usually occurs on the 5th wave.
DXY also testing key support areas


30 min chart


Careful of a short squeeze to pop us higher
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