EURUSD, monthly and semi-annual developments
The price after arriving in B1 of the monthly decided to follow the cycle by looking for the MML H4 in A1.
The B1 of the half year has been exceeded for a while, now we can only wait for the price to decline again towards new lows in A1 of the same cycle, and we would find the first interesting level at 1.1065.
The MCS is going to narrow the channel of excess weakness, confirming the fact that 1.1065 could trigger the half-yearly buy signal (for now only a hypothesis remains).
An alternative view would be the restart of the uptrend right near the MML H4 it has just touched, setting the half-yearly report in 3 times.
The B1 of the half year has been exceeded for a while, now we can only wait for the price to decline again towards new lows in A1 of the same cycle, and we would find the first interesting level at 1.1065.
The MCS is going to narrow the channel of excess weakness, confirming the fact that 1.1065 could trigger the half-yearly buy signal (for now only a hypothesis remains).
An alternative view would be the restart of the uptrend right near the MML H4 it has just touched, setting the half-yearly report in 3 times.
TheCyclicalTrading.com