HomeContributorsTechnical AnalysisEURUSD Undergoing A Reversal From The Top, More Weakness May Follow

EURUSD Undergoing A Reversal From The Top, More Weakness May Follow

EUR/USD is undergoing an intraday drop form the high, which could mean that final wave C as part of wave Y) found a top at the start of this week and that the whole fourth wave correction since January of 2017 is completed. If so, then we will see a minimum three wave decline to unfold in the next trading sessions and a break beneath the previous minor wave four swing at 1.0844 level, that may cause the GAP at 1.080 to be filled.

EURUSD, 4H

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