EurUsd: Could Move Up From Here

FX:EURUSD   Euro / US-Dollar
Comments on the chart.
Kommentar: Nice strong upmove today. Not unexpected as the dollar index fell hard as well. The idea is working out well so far
Kommentar: Another strong day today after a wobble this afternoon after good (ish) US data was released and price reversed sharply. Price then turned around and staged a massive rally past 1.2450. As price has gone straight up I will allow for a bit of a retracement on the way to the target shown on the chart
Kommentar: Price has more or less hit the previous high just as DXY hit the 88.65 previous low. I dont think the upmove is over but I am watching price closely
Trade geschlossen: Ziel wurde erreicht: Price reached target and then threw in a massive reversal candle. Because of this move the expected 5 waves up move has been accomplished but it remains to be seen if this is THE top.
of course not over
Olu justshortcut
@justshortcut, I agree that the upmove is not over however price is at double top levels which warrants close monitoring
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