WaveSavvyTrades

EURUSD WAVE ANALYSIS (CURRENT PICTURE)

Short
OANDA:EURUSD   Euro / US-Dollar
Apologies for yesterday's shabby analysis. Today's one is a detailed analysis considering the starting point of price. This symbol has currently formed a truncated wave (thus wave 3 and 5 end at same point). More often truncated wave reverse all the way to the starting point of the wave (thus price of 1.0535). To take things one at a time, the price is currently undergoing an a-b-c correction, and a-b-c corrections usually end at wave 4 (price 1.0725).

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