first down to the area at 1.0705-1.0690
then up to
The monthly and weekly chart show that the giant
(or 3-3-5)ended in March 2015
a retracement of 71%
the end of the
major downtrend started in July 2008
As displayed in the 4-hour and 1-hour charts, the EURUSD also completed the very first wave of the new uptrend and it's now
very close to
of the subsequent retracement wave 2 in the area at 1.0705-1.0690.
That area should see the beginning of the new wave 3 up.
monthly chart - click to enlarge
daily chart - click to enlarge
4-hour chart - click to enlarge
1-hour chart - click to enlarge