EURUSD is trading lower, forming a deeper pull-back in wave (iv), which will ideally hit a typical 382.% retracement level compared to wave (iii). This 38.2% level also comes in around the consolidation range from Sep 12-Sep 13. With that in mind, we really would not be surprised to see an upward bounce from here, into a wave (v) of 3. However, only an impulse from the lows and back above 1.3080 will confirm an uptrend continuation.


VIDEO: What is the confirming price action, and current situation on EURUSD