EURUSD - jumped out of the Demand Zone
In my previous update posted on 21 Apr 2019 I wrote: “We can get the final drop to 1.11 or even 1.0970 before a bullish reversal. If that move down off the 2018 top is all of wave B down then we may get a strong multi week rally to 1.36. Conversely, if that was only the first leg down in wave ( a ) of B then it still has to rally at least to 1.1750 – 1.1870.”
EURUSD bottomed at 1.1112 on 4/26/2019 and quickly jumped out of the Green Demand Zone.