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EUR/USD Daily Low Confluence: Clear Measured Move and Diagonal Range

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EUR/USD Daily Low Confluence: Clear Measured Move and Diagonal Range

EUR/USD makes a daily low with trendline and 100% measured move (from the first leg) confluence. This point also coincided with a 23% retracement of the last wave (not shown).

EURUSD Daily Low Diagonal Trend Line Forex Chart

EURUSD Measured Move From The First Leg

ParaCurve

ParaCurve

Since 2008, ParaCurve (formerly NBT) has been a provider of a wide range of articles geared towards a common sense approach to trading using fundamental market analysis in conjunction with globally identifiable technical levels. Steve is a 21 year trader, having formerly worked as a sell and buy side global macro analyst for several of the largest financial institutions in the world. You can follow us on Twitter or Facebook. Series and support at FXS Analytics.

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