from my point of (technical analysis) view, is the EURUSD still on a sticky wicket... We had a confirmation (see "momentum" & "reversal") and as I mentioned last week on the chat here, there is still no a BUY sign.
Do not let yourselves be put off through expected rebounds upwards - instead to fight against the superior "bearish" trend, use the opportunities to sell high and close low :)
on the other hand, don't forget this chart here: we still have to confirm the "magenta target"
and look this one here (more complicated, because partial simplified):
- as You may recognize, there is an another time frame, same result: long target was (successfully) hit - now, the currency pair should be on the way to the green box.
whatever timeframe I use, it's really astonishing as well as seldom seen situation: every indication shows SHORT!
for any questions - leave a message!
PS: DXY (notice: on weekly timeframe - lowest deviation since 25-years - upwards tension is building up - shortly before the bull party)
Do not let yourselves be put off through expected rebounds upwards - instead to fight against the superior "bearish" trend, use the opportunities to sell high and close low :)
on the other hand, don't forget this chart here: we still have to confirm the "magenta target"
and look this one here (more complicated, because partial simplified):
whatever timeframe I use, it's really astonishing as well as seldom seen situation: every indication shows SHORT!
for any questions - leave a message!
PS: DXY (notice: on weekly timeframe - lowest deviation since 25-years - upwards tension is building up - shortly before the bull party)