EUR/USD – Starts a 5th wave

Note: Retail Sales was negative

Bearish: We are currently @ 1.0874 in a channel and it appears to have put in 4 waves We are looking for a continuation to the 1.000 Fibo @ 1.0801 with a further target the ATR target @ 1.0762 area. The 5th wave target is 1.0700. Watch the USDX for direction. The average daily true range (ATR) for the pair is 115 pips per day and it’s 180 day average is 109 pips per day. USDX is currently moving up.

Posted to Introduction to Forex Targe… on May 16, 2023 — 8:05 AM

Recent free content from Pro Act Traders

Comments ({[comments.length]})
Sort By:
Loading Comments
No comments. Break the ice and be the first!
Error loading comments Click here to retry
No comments found matching this filter
Want to add a comment? Take me to the new comment box!

Reviews Average Rating          

I feel I picked the right trading company.
See All Reviews →