EURUSD update
EURUSD has just descended into the weekly demand zone. So this is where the correction can end.
If the rebound draws an uptrend in a 4-hour Bullish pattern, then the second bullish wave is about to begin.
Since the starting line of the second bullish wave is the weekly correction trend line, it can continue to rise until at least early September.
If the uptrend stops and returns to the weekly demand zone, the pattern will change and the chart analysis should be revised.
If the rebound draws an uptrend in a 4-hour Bullish pattern, then the second bullish wave is about to begin.
Since the starting line of the second bullish wave is the weekly correction trend line, it can continue to rise until at least early September.
If the uptrend stops and returns to the weekly demand zone, the pattern will change and the chart analysis should be revised.
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