Latest EURUSD Forecast and Technical Analysis for September 12, 2024

[Music] hello Traders FS collector here today is Thursday September 12th and I'm going to be analyzing the your US dollar starting on the monthly working my way all the way down to the 1our time frame for the full top down analysis so on the Y dollar monthly I still think this is very very likely to stop making its way up for an expanding flat wave SE or possibly a running flat wave see these little blue boxes are my targets for depending on whether it's a running flat or an expanding flat so let's take a look at it on the weekly time frame on the weekly time frame I think we're already in that wave three of this expanding flat I think this is the end of a wave two I think this is all subdivisions like a one this is a two and this is likely a wave three of wave three so if that's true then this move down is very very likely to make a higher low higher low and continue to make those higher highs and high lows in this wave three of either an expanding or a running flat wave C so taking it down to the Daily time frame I'm definitely still looking for three-way pullbacks I'm watching my feminazi levels very very closely I think at this point it's going to at least go down to the 50 and possibly even a little bit further before you actually do get that complete reversal and continuation of the uptrend so taking it down to the 4-Hour time frame on the 4our time frame my most recent strut is still way up here here so unless price goes all the way up there and breaks that struer right there I'm definitely still only looking for shorts in a downtrend I definitely don't think this ABC is over so I'm definitely still on the S side going down to the 1 hour time frame 1 hour time frame I'm definitely looking for three waves up I'm looking for one two three waves up I'm looking for Fibonacci bounces I'm looking for nice engulfing moves to the downside for more entries to go short the trend is down on the higher time phrase I believe this is still a wave C I would Target at least a 50% area and possibly even lower than that so definitely still looking for three-way pullbacks and golfing moves to the downside which that is looking pretty interesting right there as we are speaking so anyways definitely don't forget to check out my free Discord taner which is linked over here at the quarter and as always thank you and happy Trading

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