EURUSD Chart 12

EURUSD - Intermediate and
Longer Term Remain Bullish

EURUSD - Intermediate and Longer-term Remain Bullish by DanV on TradingView.com

24 March 2013

Updates and comments

Whilst EURUSD has been declining since Feb 2013 high and has been in down trend since, it does not seem to be over yet. Regardless of the development of the Cyprus and EUROZONE development, based on EW count the Dollar index needs to make a final leg up to complete the cycle suggesting that EURUSD for the coming week is likely to be weaker and could form low around 1.28 to 1.27.

Once that low is completed then it could start new uptrend and either develop into Pattern "A" or "B". Based on "A" it could retest Feb high or make new high around 1.38 level. But more likely the expected low will form wave "X" bottom from where we will see another ABC move to the upside similar to the move from JULY 2012 - Feb 2013.

My reason for this and longer term potential move is explained in the following recording. 

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.