■Outlook of EURUSD 1Day chart, Scenario 1.
I think that we are on sub-waves of "wave X" on the Upper Degree.
Sub-waves of Wave X are Red-line.
Probably, The sub-waves of wave X will be "Triangle".
If the assumption is correct, We are on sub-wave D of the Triangle.
The sub-wave of wave D is probably Flat with sub-wave (c) extended.
Wave D will end soon.
When the sub-wave D is complete, the trend will switch to an up-trend.
The next wave is the last E.
The sub-wave E will grow to the levels of 1.185-1.20 (Fibonacci, 61.8-78.6%) .
■Scenario 1
Last time idea, Jan 9, 1D.
■Scenario 1
Oct 30 idea, 1M.
■Scenario 2.
Jan 29, 1W
I think that we are on sub-waves of "wave X" on the Upper Degree.
Sub-waves of Wave X are Red-line.
Probably, The sub-waves of wave X will be "Triangle".
If the assumption is correct, We are on sub-wave D of the Triangle.
The sub-wave of wave D is probably Flat with sub-wave (c) extended.
Wave D will end soon.
When the sub-wave D is complete, the trend will switch to an up-trend.
The next wave is the last E.
The sub-wave E will grow to the levels of 1.185-1.20 (Fibonacci, 61.8-78.6%) .
■Scenario 1
Last time idea, Jan 9, 1D.
Oct 30 idea, 1M.
■Scenario 2.
Jan 29, 1W