EUR/USD - Next decision point: 1.1432!

Hello everyone,

it seems that scenario 2 has made it (please check link below). Now the situation in the chart is not much easier, because there are two possibilities we should think of when trading eur/usd in the next days.

Scenario 1 – blue line, chance 55%

I still believe that we are in wave B (purple in brackets) of a huge correction pattern started at 1.25. We are now most likely in wave c of B. If this scenario will push through, I will give another update to catch the next turnaround. The next indicator for a decision is the level at 1.1432, if eur/usd is going through, we have a very good chance, that this scenario will make it.

Scenario 2 – green line, chance 45%

Maybe wave A (purple in brackets) hasn’t ended yet (at 1.13). If so, we are still in an impulsive 5-wave-structure downwards to complete wave 5 of 5 of A. If eur/usd will not go through 1.1432, this scenario will make it!
I other words: please keep an eye at 1.1432!

Please leave a comment or a message if you like!

Take care,
tgo