This is the daily chart and it explains why we really want to buy here, since September last year the pair has been in a meandering correction that was completed last week when a new high was registered.
The new move higher counts as a 5 wave advance suggestion an impulsive nature to it, the pink wave count will change as the structure unfolds but most likely this will be just the first leg of a significant move to the upside.
I expect EURUSD to make 1.33 on this move higher, the sooner we can get in the better but we must follow the plan, if we buy without a pullback we could suffer significant drawdown.
The new move higher counts as a 5 wave advance suggestion an impulsive nature to it, the pink wave count will change as the structure unfolds but most likely this will be just the first leg of a significant move to the upside.
I expect EURUSD to make 1.33 on this move higher, the sooner we can get in the better but we must follow the plan, if we buy without a pullback we could suffer significant drawdown.