EURO/USD, ON THE BIG PICTURE, EURO IS FORMING LEADING DIAGONAL , CYCLE WAVE 1 PEAKED AT 1.6040 , THEN CORRECTION HAS BEEN TAKING PLACE AS A SIMPLE ZIGZAG IN OUR PRIMARY SCENRAIO, AFTER INTERMEDIATE WAVE 1 BOTTOMED AT 1.0462, AND WAVE 2 HIT THE 1.2557 HIGH , THEN INTERMEDIATE WAVE 3 IS UNDERWAY, AND I‘M LIKELY THAT, INTERMEDIATE WAVE 1 IS THE EXTENDED ONE SO THE THIRD WAVE MAY HIT THE 1.0372 LOW,AND THE ENTIRE 5 WAVE SEQUENCE QUITE POSSIBILLY WILL COMPLETE AT 0.90-0.95 AREA
ALTERNATE SCENARION: AFTER EURO PEAKED AT 1.6040, AS CYCLE WAVE 1 , THEN CYCLE WAVE 2 HAS COMMENCED SINCE THAT TIME AS A DOUBLE ZIGZAG(W-X-Y) THE FIRST ZIGZAG COMPLETED AT 1.0462 LOW AND THE LINK WAVE X ENDED AT 1.2557 HIGH, AFTER THAT EURO FELL IN A STRAIGHTLINE DECLINE AS FIRST LEG (A) OF THE SECOND ZIGZAG AT 1.1299 LOW ,INTERMEDIATE WAVE B WAS SHALLOW IT TOOK THE SHAPE OF BEARISH CONTRACTING TRIANGLE ENDED AT 1.1517, SO PRICE WILL CONTINUE LOWER AS THE SECOND LEG OF ZIGZAG TO REACH ROUGHLY THE LOW OF 0.9517
THE SECOND CHART : JUST MORE DETAILS ABOUT THE LOWER DEGREES COUNT ON THE DAILY CHART
