EUR/USD Update (September 7, 2021)

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As predicted, EUR/USD managed to reach the target I talked about 1.19000 which is the beginning of the falling wedge with 5 waves up. For now, I will be waiting for a correction in order to buy again.

My first target for the ABC correction will be the previous wave 4 around the 1.1790 area. If it manages to break it, the price will retest the previous wave IV of wave 3 at 1.1760.

Buying at the top is risky. Always wait for corrections to capitalize again. Good luck!

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