Considering a scenario where the EURUSD completes an ABC pattern on the Daily Charts.
The origin of the downside move is from the swing high of 30th March 2022.
The first leg completed 5 waves down to A. The retracement was essentially an I wave to B.
Now looking for 5 waves down , towards the target C, in the middle of next month to see EURO below parity.
The origin of the downside move is from the swing high of 30th March 2022.
The first leg completed 5 waves down to A. The retracement was essentially an I wave to B.
Now looking for 5 waves down , towards the target C, in the middle of next month to see EURO below parity.