EURUSD: The past three days price action has created a possible V-shaped bottom which together with 1) the arrival at the idealtarget, 1.2905, for wave 3 and 2) Tuesday’s piercing patterncandle makes up for a possible base for a forthcoming wave4 correction/consolidation. The hourly pattern is a bit messythis morning but we think buying a break above 1.2934 willbe the way to play it.
Read the full report: Technical Alert