Chart on EUR/USD (1-hr)

EURUSD: new low is made, positive divergence on micro level is broken. This could be a start of the wave (v) of 1 down.

I am looking for break down below 1.12376 level.  Then, to confirm the downside impulsive count, Euro should hold below 1.12722. Ideal target resides at 1.105 - 1.109 region.


Avi Gilburt is founder of