EURUSD has been in an uptrend for the last week correcting against a larger downtrend.
The 4H wave count shows there is still one more leg to the upside to complete before the larger downtrend once again resumes.
Fundamentals (Todays FOMC meeting) can drive price lower towards 1.0971 the 76.4% Fib, before turning higher.
Targets for wave completion fall at 1.1167 with a likely overshoot, That area marks the 76.4% Fib of the wave of a larger degree
The 4H wave count shows there is still one more leg to the upside to complete before the larger downtrend once again resumes.
Fundamentals (Todays FOMC meeting) can drive price lower towards 1.0971 the 76.4% Fib, before turning higher.
Targets for wave completion fall at 1.1167 with a likely overshoot, That area marks the 76.4% Fib of the wave of a larger degree
