After a rising rally from 1.16 with an impulse wave has been unfolding a declining Zigzag correction to the Fibonacci retracement level. Around 1.1720 the EURUSD should find it's bottom and further rising should come to new highs.
Important: If EURUSD goes below 1.16 then this bullish view will be getting problematic and the EURUSD could decline a minimum 1.15 or more.
Always manage your risk!
Traders! if you like my ideas and do take the same trade, please write it in comment so we can manage the trade together.
Disclaimer
the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Important: If EURUSD goes below 1.16 then this bullish view will be getting problematic and the EURUSD could decline a minimum 1.15 or more.
Always manage your risk!
Traders! if you like my ideas and do take the same trade, please write it in comment so we can manage the trade together.
Disclaimer
the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.