The triangle in the EURUSD thrusted toward 1.14 last week, potentially completing the move. However, the thrust retraced in the form of an abc to exactly 61.8% of the rally, tyrpical of a primary wave. This morning the EU is bullish. Plausibly, this can only mean that we are about to start a third wave rally. A channel target for the greater ABC fits excellently with the projected impulse from wave 1. RR is favourable and very well defined.
