Central Bank tricks in the currency war.. Though they've ruined the H&S pattern - most probably too many traders were trading it - I still think this is one of those trend line breaks and breakouts which is not going to work. Why ? The water is wet, the grass is green. The intermediate cycle is not finished yet.
The H&S pattern is invalidated : so I'm going to clear the target price counted from the pattern. Waiting for the tag of the 200 EMA.
SHORT follow through.
評論
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If the trendline is not holding we are good. I'm anticipating a false breakout here.
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Banks want us to see this. Clear long:
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Sorry wrong chart. Again:
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And in the meanwhile they are watching this chart:
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I would like to see the impact of the Black Friday 5 billion $ sale on the US Dollar. And FOMC is at the next corner.
All fundamental predictions are telling us that eurusd will grow!
lovely4u
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Are you sure that this euro decline will happen? Before FOMC we will have draghi speech and nonfarm payrolls data. Thanks for reply
chartwatchers
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@lovely4u, of course there is no guarantee. But when gold drops and stocks pop the chance is high for a dollar rally.
lovely4u
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Please Arpi:) update it with more structural analysis thanks
jolu
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@chartwatchers bearish figures for USD.. See close of last hour candle ..could be reversal.. wait for confirmation end of this hour
lovely4u
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hi Arpi:) any idea about eurusd?
Zaiteku7
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Interesting overnight drop and price action that looks like it will hold. Today's NY market will be revealing about the chances for a sustained weakening. The usd was dropping against all majors overnight except gbp.
Zaiteku7
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Same page. Key support broken. Strong sell signal on Monday.
jolu
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@chartwatchers Hi,
I think we are goong between 1.172-1.18 then bounce back to for another leg up.
Should follow Rsi as well..
I dont think we done with Euro yet.
I woyld suggest to stand ready to buy