I posted a series of charts last week on the technical position of the euro $. Here i believe that the market is in the process of making a wave 1 down of a C wave .
Within this wave 1 down , the euro $ is charting an w5 of this w1. Within w5 of w1 there is a subwave of 5 waves and my analysis says that there is a w5 of a w5 of 1 of c to come . This is quite a mouthful i know.
I am waiting confirmation to short the euro$ and will get that with any luck at 800 am GMT.
Have a great trading morning.
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