We have a triple top created on the EUR with great convergence with the RSI respecting a simple resistance at around 60%. If the triple top plays out and still fits my idea after market opening this evening, there is no reason this pair cannot fall to the 1.21500 supply area and further to 1.20711 support. Although we do have to take into consideration the ...
EURUSD Forecast and Technical Analysis Week of Nov 27th
Triggered by the FOMC Minutes, promising Eurozone Data and finally U.S. Markit Service and Manufacturing PMI which were below the market’s expectations; EURUSD ended week 1.19290.
Thursday’s minutes from the latest ECB policy meeting have prolonged this lead, revealing that policymakers broadly agree on the ...
https://s3.amazonaws.com/tradingview/snapshots/c/cuuQwzIi.png
So I'm expecting EURUSD to fall to 1.18040 zone before heading back up to 1.18725 zone which aligns with the descending triangle and double top formation and the new downtrend line proceeding the head and shoulder pattern, this also aligns with the possible shoulder being completed...
So long story ...
Good morning traders,
I trust you are all enjoying your time off, whilst I have some time I decided to do another eur/$ chart, as most of you already know my incredible bearish outlook on the pair still stands;
The bearish break looks similar to that found in August 2015 suggesting a move toward the trend lows at 1.052xx
The ECB appears to be on hold for now ...
traders,
the stage is set....
do not be fooled into thinking otherwise, eu is getting smoked
brexit, italian loans, immigration dirving a wege in unity
negative rates stimulus
not a single reason going for the euro
gl and see you bears at the beach club
