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EURUSD 4th Wave to 1.2060/70?

Euro / Dolar A.S. (FX:EURUSD)  
jsaettele  
FX:EURUSD   Euro / Dolar A.S.
Trend Analysis Wave Analysis EURUSD
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trendanalysis waveanalysis eurusd
EURUSD held the center line of the channel from the 11/2 low…again. This line has been support since 12/9. Clearly, it’s important. One scenario to consider is that weakness since last week is a 4th wave within the 5 wave cycle from the November low. If this interpretation is correct, then a drop to 1.2060/70 would unfold before one more leg up unfolds.
Director of Technical Research at Krilogy, author Sentiment in the Forex Market

Twitter: twitter.com/jamiesaettele
Website: www.krilogy.com/
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