In continuation of my previous analysis, which you can view here, and was highly accurate, the market moved exactly as predicted.
The EUR/USD trend remains bearish, but we are approaching a reversal zone. Based on precise analysis, with a move similar to the green lines drawn on the chart, I expect the price to reach 1.037. I'm pleased to announce that I can also analyze the timing of price movements, and I predict that during the London open on Tuesday, December 17th, we will reach the target zone.
It’s clear that a reversal won’t happen immediately upon reaching 1.037, as the price will go through its rotation process. We will closely monitor this development and enjoy the precision of the market analysis.
As we approach the end of the year, the market activity may slow down. Be cautious with your capital and avoid unnecessary risks. If the price breaks and consolidates above 1.054, the analysis will be invalidated.
At the start of the market, I’ll look for signs of weakness in the bullish momentum to enter sell trades. I will remain a seller with proper entries and exits until the announced target is reached. Stay tuned for updates!