EURUSD - bullish

2019-12-12 08:00:49

I've marked this count as an ABC as it's too early for me to say if it's impulsive or corrective. However, this count would suggest some EURO strength at least in the medium term. The EURO is strongly correlated to GOLD too so that may be worth keeping an eye on. The count is a little tenuous but I like the way that waves 1 and 3 are equal and how the extended wave 5 is equal to the the combination of waves 1 and 2. The correction terminated at my prior wave 4. There are also some nice fib measurements regarding my c wave of the downward correction.