Hi, this is my super bullish count on eurusd. This is not my only count, there are some other counts and one is bearish (big ABC rise from 2017 low) but considering it have just broke long term downward channel and since i expect long term secular bull market on stocks to resume for 7-8 more years i am bit favoring this bull count.
EURUSD bounced of 38 fibo and now broke downward trend line so it should rise. It could be bottomis in (blue scenario) but still this could be like b wave of correction with and then c wave for bottom (orange scenario).
What i would not like to see is breaking green trendline (today at around 1,198) where i would turn bearish to next trendline around 1,16.
But, that is not my primary view, expecting rise towards 1,25+.
Cheers!
EURUSD bounced of 38 fibo and now broke downward trend line so it should rise. It could be bottomis in (blue scenario) but still this could be like b wave of correction with and then c wave for bottom (orange scenario).
What i would not like to see is breaking green trendline (today at around 1,198) where i would turn bearish to next trendline around 1,16.
But, that is not my primary view, expecting rise towards 1,25+.
Cheers!
