EUR/USD: 5th Wave Opportunity?

 | Aug 21, 2018 08:53AM ET


Bearish: Currently we are at 1.1504 in a possible 5th wave to the downside. Below 1.1485, we are looking for a continuation to the S4 at 1.1307. It will need the USDX to be bullish. The average daily true range (ATR) for the pair currently is 75 pips.