Euro Possible Reversal

From the first chart you can see the Euro may well have completed a 5 wave downtrend and we may bounce up for a correction a little today before resuming a downtrend again.

I was asked how I know when a reversal takes place. It is not always easy to spot but reversals usually take place on fib points, pivot points or with candlestick formations. Recent candlestick formations are on the second chart.

Good luck tody and look for a reversal before opening shorts again.