Notice the 1 to 1 between the numbered corrections 1 and 2. At this moment actually 2 is shorter a few pips but that only proves me that continuation on the up trend is in place. The time is 4H so at this time the hammer is not finished but if this remains valid i think eurusd is going 1.25000 on the long term.
Notice also the channeling corection happening now on EURUSD. It's the first serious corection. Correction is on the 23.7% ( 1.99500) Fibbo rectracement measured from 12.12.2017.
Also:
On the daily chart of the DAX i noticed the shooting star yesterday and today we have a candle that at this time is falling from 13000. I think tommorow will bring DAX near -12850 to test the half of the tail from that shooting star and that might push EURUSD on short term near +1.21000
Notice also the channeling corection happening now on EURUSD. It's the first serious corection. Correction is on the 23.7% ( 1.99500) Fibbo rectracement measured from 12.12.2017.
Also:
On the daily chart of the DAX i noticed the shooting star yesterday and today we have a candle that at this time is falling from 13000. I think tommorow will bring DAX near -12850 to test the half of the tail from that shooting star and that might push EURUSD on short term near +1.21000