EURUSD - Could it be the "come back kid"? by DanV on TradingView.com
9 November 2014
Bullish tone for USD is becoming very pronounced. GS has put out a EURUSD projection to Parity. All known fundamentals seem to suggest USD strength for foreseeable future and it is well rehearsed. So I will fully understand if my chart and analysis is called into question.
Some have questioned my approach and are asking what happened with one of my chart where I expected a bottom around 1.34 area? Well that is the beauty of having a stop to protect when you are wrong or are right but misjudged the overall swing.
Overall view that EURUSD could surprise many with its move to the upside still holds and is detailed in last published updated chart.
Anyway, having dropped to 1.2350 zone, the 5 wave move from May high appears to be complete. Either low has already been posted or will this week.
So now looking for safe long entry with money management in place is the most logical trade for intermediate to long term swing with 1.34-1.35 as very likely or might have major new bullish cycle in store.
This also no supported by other correlation studies which I will share below.
As always confirm any plan to trade by your own analysis.
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