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EURUSD Analysis

The story

The Daily Chart

We have reached the Fib with a Fast wave 13.5 which is justified due to the previous abnormal SI 67.7

The H4 Chart

High Down volume wave after hitting Fib with 29.6 SI (on the high side) then a fast up move with a 9.0 Si but does not break previous wave or Fib 61.8 which might mean that the 29.6 wave could be the 1st push down and might be sellers. Going Short only if we break the blue support line, because we might start ranging for a while.

The H1 chart

The last waves similar story with H4, this 13.0 SI could be the 1st push down. Furthermore , PVR quite high at the top, forecasting possible sellers or closing positions. Entry Short only if we break the Blue support line.



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