Sep. 2nd – EURUSD

  • Posted by Houssine
  • Date September 2, 2022

Certainly the count I had presented earlier IS still possible, but at this point, I seriously doubt it. While I did not expect such a large recovery, I believe the trend is still down and is possible Euro sees a strong resistance right at the crossing of the trendlines. We’ll continue favoring shorts until we see a new low below 0.99. Remember our target is still around 97.

NOTE: The wave Z potential could be developing as a Flat, so we aware of that situation and exit the trade if you see evidence of that.

Houssine

Prof. Aldo Lagrutta is an awarded Certified Financial Technician from the International Federation of Technical Analysts and holds several financial market designations, including the coveted Certified Elliott Wave Analyst.

He is a also a member of the Society of Technical Analysis, holds the CFT’e and is a recipient of the Bronwen Wood Prize bestowed by the Society of Technical Analysis in London.

Prof. Aldo Lagrutta grew up as a music child prodigy and became the youngest Professor to teach in several universities and conservatories around the world. He performed for 2 decades as a concert guitarist in Europe, Africa, North and South America.