In this technical analysis, today I identify a EUR/USD in the simetric triangle and previously was a bearish channel, now the bearish channel are convert in the simetric triangle. Also, let's me say you that I found out a elliot wave correction ABCDE, that this mean the complete of this correction of the into the elliot wave # 4.
Now, there are a possible jump of the price so bullish in this bull run that starting soon, that is a good signal for the EUR.
Basicalley, there are fundamental of the EUR/USD it's can to up, while the fundamental of USD in my previously analysis that we have a bad news for USD, and this is mean a strong buy in EUR/USD as indicator using the fundamentals.
Fundamentals of Eurozone:
1. Europe pushes to avoid economic calavity by extending crisis aid
2. European governments are fast learning that they'll have to live with aid programs to save the jobs and business longer than thought to keep the economy from falling off a cliff
So, guys, basically this are a good news for this par, of EUR, so, my decision is to hope in Monday how the markets
Now, in this screenshoot there are a possible formation of shoulder head shoulder in H1 timeframe, that mean that EUR is so respald with good news than USD correlationed that has bad news for the economy. This technical analysis I make in following on Monday in the morning to hope a possible buy at the lower part of the next formation of shoulder.
