Re: EUR/USD
983I've never been good at counting waves, to be honest, but that seems plausible to me.
Re: EUR/USD
984Personally, I am preparing for a bit of a retracement when the market opens next week, before the move north continues.
Re: EUR/USD
985It's currently retracing, which is normal after such a rally. There may be a bit of a correction this week.
Re: EUR/USD
986It formed a pair of hanging man candlestick at 1.2270 on the daily time frame, which are a good signal that a correction is about to begin.
Re: EUR/USD
987It bounced off from 1.2150, the pair remains quite bullish. It's likely we won't see much of a change during the holidays.
Re: EUR/USD
989The pair is stuck in a sideways range between the holidays, that was to be expected, really.
Re: EUR/USD
990It's testing 1.2250 but I doubt we will see it break out above that level this week.
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