Page 4 - Weekly Wave News Today : Breaking News, Live Updates & Top Stories | Vimarsana

It’s steadily creeping in, ready to take over once exhausted summer is in need of a monthslong nap.

Our summers are almost always worthy of a chamber of commerce slogan like: “Beat the heat, trek to Duluth.”

EURUSD came down as expected to a new low after wave 4 corrective rise so price is now seen in wave back, back at 1.0830 support. Therefore, the wedge shape may suggest limited weakness and slow price action in weeks ahead, as wave (A) can be coming to an end, but more weakness will show up after wave (B) rally that can show up in sessions ahead. As such, we think that higher degree correction is still underway and it can be much deeper as EURUSD pair might have completed a five-wave rise at around 1.1280 back in July. However, we will once again turn bullish on the euro once the corrective A-...

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We’re at the height of summer … that sweet spot that starts near the end of June and stretches through July and August until the Labor Day Weekend.