EURUSD at a fork in the road? EU path to be determined

7 Okt 2018

EU is currently stuck between two zones, with no clear direction.

I see two possible paths if it breaks out of the zone:

1) ABC correction is done (blue) and we start heading down with a 1235 impulse wave. Watching the contested 1.15 round to break in which case the Blue path is validated.
or
2) ABC correction is NOT done (green) and we push higher to the 1.16 area. Watching the red zone just above, for a break of 1.15360 for the Green path to be validated.

Will update as price reaches any of my zones.

Background:

My EU adventure started in Jan 2018 with a search for trend top, around 1.25

As that top was forming, I saw the Fibs giving me some clues for down move to start

Once it started moving down, I fined tuned the fibs and a possible target of 1.0700 by end of 2018

And that brings me to the current plan above

8 Okt 2018

Nota

EU bulls trying to hold 1.15 round number. This should be interesting

9 Okt 2018

Nota

EU still waffling, but looks like Blue path. the break below 1.15000 and remaining below is a bearish sign. But I think US markets being back on line Tuesday will be the real determining factor.

9 Okt 2018

Nota

Aye Capn, shields held but she can not take nutha attack