EURUSD Chart 2

EURUSD (UPDATE)- Intermediate
Term, Still Bullish

EURUSD (Update)- Intermediate Term, Still Bullish by DanV on TradingView.com

28 November 2012

Updates and comments

Following on from my previous chart with bullish view, we have had some more price action. Although the narrow Pitchfork is no longer appropriate, which, I have removed & replaced them with new minor up trend channels. Days of what looks like only a retracement is not enough to become bearish. Only breach of 1.28 would invalidate the Bullish view. For now we continue in new 5 wave up for the final leg of the larger 5 waves since July bottom. This would still be the case even if the price consolidates as per PINK, before continuing higher. For overall perspective of where EUR could be headed, please see my Dollar Index Chart & VIX Index chart.

Bullish view of EURUSD chart does not necessarily go hand in hand with what might or might not be happening in the EUROZONE Per Se or its relative fundamentals. I have intermediate to longer term view on this chart not for scalping or day trading necessarily. 

Time will tell.

Back to all EURUSD charts

This Form cannot be submitted until the missing fields (labelled below in red) have been filled in
Contact
Please note that all fields followed by an asterisk must be filled in.
First Name*
Last Name*
E-Mail Address*
My question is*
GDPR*	I am at least 16 years of age. I have read and accept the privacy policy. I understand that you will use my information to contact me or send me the information I requested.
Please enter the word that you see below.