Forex EUR/USD Daily Video, March 05, 2020

[Sive Morten]

Good morning,

EUR starts to show some reaction on daily resistance area, as well as some intraday patterns are formed. So, its time to estimate retracement targets:

 

[minimax]

My call for €$ is Flat corrective B wave (of big Flat down) and I think we are agan in ED for C Flat (of B Flat). Target is to hit 50% (not more) BUT if we go below blue B then ED is not in play and C wave will be agressive impulse into target, where ever it is. I find this 2nd option very probable with target just to hit 50%...
I think HH should stay in tact, not even pierced....

 

[minimax]

I think this is leading diagonal s A wave (or 1st of an impulse and we go hihighigh..) and if my view is OK we get ups&downs..

 

[Brett Reynolds]

It will be good to see Euro hit XOP and Gold to reach Roger's target today or tomorrow and then retracement to start next week back down to $1.10 area.!

 

[minimax]

It will be good

Not impossible but unlikely to me without hard manipilations..

 

[Petezaa]

I've stopped trading this pair personally - hate the way it moves!

 

[minimax]

I think this wave up is ZigZag with 5 waves C wave, so 3 ED should be in place..

 

[Sammy colt]

Great analysis, will be following in future.

 

[minimax]

More millions US$ question: what happens if OPEC drops oil price for 10 US$?

 

[minimax]

I think we are close to turn down..