EURUSD – January 24, 2023

EURUSD hitting/hit significant resistance.

EUR vs USD Hourly

5 waves complete … wave 1 = wave 5 (blue arrows) .. initial impulse wave natural log and/or square root 8 projection … ffrequency target (good stop out if it blows thru) …1.732 extension from of wave 3- 4 (note, wave 3 = 2.236 (square root of 5) ….

all this being said, this is 5 waves UP folks so the coming pullback is one we want to BUY … for now, that’s around (previous wave 4 of a lesser degree) in/around 1.05. we’ll just have to wait and see …


US Dollar Index and Euro … come to papa!

here is the EUR vs USD. note, a pretty wide band of target zones and when working w/ FX that’s just too much risk …

so, a majority of the USD Index is made of Euro so what is the USD doing and we can use that as a mirror image …man, what a target zone on the USD!

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