EUR/USD
A FZR down of h8 Wave Level happened today (inside the mid-term flat) - This FZR can trigger a FZR down of higher TF (d1)
At the moment Eur/Usd impulse down is still developing. It reached a Weekly Wave Level allready.
MF Pivot 1.3159 is protecting the impulse down. As long as it is not broken - this impulse down will proceed.
- For this impulse to stop - price needs to break trough MF protective pivot or MF Trend Line
- For Trend to turn around back up - a FZR up of h4 wave level is needed
Update on Eur/Usd situation:
A new protective MF pivot was created (1.2993). Eur/Usd trend down will proceed as long as this pivot is not "broken"
Today's intraday work based on MF TA strategic plan for Euro.