in- depth analysis of EURUSD for long , short ,day traders and scalping
EURUSD has finished the sideway movement on monthly timeframe . The wave E finally broke out from the channel line structure and started pulling back which is in accordance with anywhere wave E terminate there is always a change in direction .
On weekly time frame , five impulsive waves are done followed by ABC correction where wave A has terminated at 38.2% retracement following wave B which is still unfolding.
on hourly time frame , there is two setup , the aggressive setup is buy to the upside but for the conservative traders , wait for small push to the upside and then sell to downside which is going with the main trend.
DISCLAIMER: : I AM not a financial advisor , do not take this analysis 100% , do your own research before opening any position.
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