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EURUSD - UniverseMetta - Analysis
#EURUSD - UniverseMetta - Analysis
The price consolidated below the trend line and formed a 3-wave structure, which may indicate confirmation of a further fall. This structure formed near the upper boundary on W1. since there was no retest. Global goals 1.04750. In the short term, we expect a fall to the levels of 1.07400.
To cancel the idea, one can consider forming an ABC structure. To confirm, it is better to wait for the formation of a 3-wave structure on the junior time frame.
Target 1.07400 - 1.04750
The price consolidated below the trend line and formed a 3-wave structure, which may indicate confirmation of a further fall. This structure formed near the upper boundary on W1. since there was no retest. Global goals 1.04750. In the short term, we expect a fall to the levels of 1.07400.
To cancel the idea, one can consider forming an ABC structure. To confirm, it is better to wait for the formation of a 3-wave structure on the junior time frame.
Target 1.07400 - 1.04750
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