Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

EURUSD: Sideways Within Uptrend

EURUSD is slow, choppy and sideways for the last few trading days which we believe it represents a corrective price action within a larger uptrend. We are talking about wave 4 which still could retrace deeper if we consider wave four support of one lesser degree is at 1.3176. After a completion of that black wave 4 traders must be aware of another push higher, into wave 5 of C that may complete rally somewhere between 1.3400-1.3500 region.