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September 19, 2016 | EUR/USD Hourly Setup: Extension down to 1.1074?

Jack has over 20 years experience in the currency, equity, and futures arena. He is an investment advisor who has held key positions in brokerage, money management, trading, and research. Jack is founder and president of Black Swan Capital LLC. He was also founder of Ross International Asset Management (specializing in global stock, bond, and currency asset management for retail clients) and General Manager of Plexus Trading (specializing in currency futures and commodities trading).

So far off of Friday’s low, it appears a three wave corrective rally, i.e. A-B-C to form Wave 4.  Critical resistance on this view comes at 1.1224.  Looking for a 1.618 extension to at least 1.1074 labeled 5 of C. 

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September 19th, 2016

Posted In: Black Swan Currency Currents

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