Outlook for EURUSD in 2017 (2017-01-08)

Six month ago I published the following idea.

Now the wave five is still ongoing currently. But I want to point out this decline will finish soon. Eurusd might start the retrace in 2017 after the wave five has completed.

It is a good chance to buy the dip after the minor wave five finishes if you are a mid-term or long-term trader.

Good luck for everyone!

Komen:

I would change the wave count a bit. The wave (4) is a triangle. Wave (5) has already finished. It formed a nice triple bottom. No short for EURUSD, but buy the pull back in a long run as suggested above.

Komen:

There is the updated count.