EU - Bullish - At Support Again So, we see EU at the support area again... Well, I have the same bias to the upside... Unless we have a full bearish candle on the Daily or Weekly close under the support is when I will change my analysis... WATCH | COMMENT for updates...
We are back where we started... Level of Support on Monthly Key Level... and the same analysis! BULLISH! We will have to see if this level of support will hold... If so I see price pushing back to the last Weekly Key Level about 400 Pips to the upside... All IN!
The Market Has Been On A Major Retrace... We Called This Retrace BUT it has been Longer than expected... lol Go ahead and check out our analysis on when we think it will continue to the upside!
Repeated failure to capitalize on the defense of the 200-day MA has weakened the bull case. Divergent economic conditions - US continues to chug along pretty well. The Eurozone economy is slowing.
FxProNow.com - Where Learning Forex is Fast and Simple #YouAreTheIndicator EU almost done with retracement! Once we get around 38.2 and 50% we will look for entries. See the full details in video www.fxpronow.com - Follow our 5 Step System to Becoming an FxProNow!
Is EU telling us where it is going to be heading in the year coming? Looking at an On-Trend Continuation in the current area. 61 & 38 Confluence on the 1.15 Mantle, wicks out to the top, Previous Price Reversal Area, 3-4th Loose hit on the Downtrend line, 100EMA floating across the top. Very nice set-up, possibly for the first half of the year.
weekly chart shows a bull doji reversal
in this video I have included 3 scenarios based on Harmonic patterns