EURUSD double downward wave structure…
EUR/USD OANDA:EURUSD
EURUSD double downward wave structure. The exchange rate consists of a correction wave of 0A or a new BC correction wave structure. BC wave structure can be twice as large as wave 0A. The explanation for this is that the last rising wave is half as much as the prevailing wave structure. If the assumption is correct, then the current BC wave target price is 1.1656