EUR/USD finalized our previously posted Minor B (blue) and it bounced off the 1.05700 Levels, shooting towards the Intermediate Wave C (blue).
In our view, Intermediate C (blue) is the final wave for this Corrective Cycle (Intermediate WXY (black)) and we will be very interested in a SELL, once DXY ( Dollar Index ) would start its Final Impulsive Wave before the Next BIG Recession/Market Crash.
So far, the Structure for this highly anticipated EUR/USD-French-Elections BUY set-up unfolded with Minuette (i) (black), followed by its retracement, Minuette (ii).
Minuette ( iii ), in our view, is most likely going to be an extended wave, by the looks of it at the current time.
Within Minuette ( iii ), Sub-Minuette i (blue) finalized and now the Retracement has begun, towards Sub-Minuette ii (blue), which is most likely going to end with an Structure ( or Flat), at the 61.8% Fibonacci Retracements of Sub-Minuette i (blue).
EUR/USD-French-Elections BUY set-up is based on trading the most powerful swing within an Extended Impulse, the 3 within the 3.
Levels in focus would be 1.07000, 1.06700 & 1.06400.
EUR/USD-French-Elections - BUY Position:
Entry Level - 1.06700
SL - 1.05500
TP - 1.09800
* Note that for Conservative view, the Corrective Structure would still need to be available.
* Safety Measures:
- when in the green, move SL to break-even or in profit.