Thursday, March 19, 2015

Eur/Usd : Start of wave B

After yesterdays big rally there's a good chance the euro has bottomed and started a longterm corrective rally.

A new trend does not always start in 5 waves, otherwise corrective waves would always have to start with a double zigzag (5-3-5). In this case a flat (3-3-5) could be at the start of a big wave B.