Tuesday, August 16, 2016

EUR/USD - Wave C of wave Y in progress

As I mentioned in my previous post here the break of 1.1160 invalidated my bearish count. The pair went up and it appears EUR/USD is now in the C-wave of larger degree wave Y.

I'll watch closely what happens at 1.1318, it could be a target for wave Y to be complete (C=A).

Large picture here