I hate EU but heres what I think of it. The monthly made a clear bottom in march 2015-2017 (1.03) and double tapped to push to 1.255 Feb. 2018. On the daily we peaked at 1.14 Jun. 25 '19 and travelled down to 1.085 in Oct.
We came back up and hung out at 1.115( 50%) making a double top Oct. through Nov.. then we came to solidify support with a double bottom at 1.1. Since then we hopped on top of 1.1075 and have stayed above making higher lows.
The doji on Jan. 9 (1.11050) to the bear candle reversal pattern rejecting the 50% and key level of 1.115 is the zone to watch.
*FYI we have made a clean 5 waves down and 3 waves up finishing C at the .618. on dec. 31*
if we break under 1.1055 ill look for sells and bear confirmations to continue to lower zones but for now looking at buys from 1.10975 to 1.1085
targets are 1.115, 1.121, 1.140, 1.175
if bear signals and dollar dominates then 1.1, 1.1095 and finally 1.085 are the zones to look for
We came back up and hung out at 1.115( 50%) making a double top Oct. through Nov.. then we came to solidify support with a double bottom at 1.1. Since then we hopped on top of 1.1075 and have stayed above making higher lows.
The doji on Jan. 9 (1.11050) to the bear candle reversal pattern rejecting the 50% and key level of 1.115 is the zone to watch.
*FYI we have made a clean 5 waves down and 3 waves up finishing C at the .618. on dec. 31*
if we break under 1.1055 ill look for sells and bear confirmations to continue to lower zones but for now looking at buys from 1.10975 to 1.1085
targets are 1.115, 1.121, 1.140, 1.175
if bear signals and dollar dominates then 1.1, 1.1095 and finally 1.085 are the zones to look for