I want to share some view of these three big guy:
EURO, is the strongest in my opinion, but now it need a healthy adjustment for touching the suppress level and the 38.2% Fib, after that I believe around 1.10 it will get strong support because it's the 4 MA mix area.
POUND, it's similar with EURO, but, I think the adjustment will be more deeper than EURO, it need to form a stable bottom, which might be a W bottom, and the final re-bounce target should be 38.2% Fib.
DOLLAR, a re-bounce is coming but I don't think it will make new high or something, for me it's more like "B wave" of the ABC Elliot.
So, I hope I have made my point clear and could do some help, GOOD LUCK.
EURO, is the strongest in my opinion, but now it need a healthy adjustment for touching the suppress level and the 38.2% Fib, after that I believe around 1.10 it will get strong support because it's the 4 MA mix area.
POUND, it's similar with EURO, but, I think the adjustment will be more deeper than EURO, it need to form a stable bottom, which might be a W bottom, and the final re-bounce target should be 38.2% Fib.
DOLLAR, a re-bounce is coming but I don't think it will make new high or something, for me it's more like "B wave" of the ABC Elliot.
So, I hope I have made my point clear and could do some help, GOOD LUCK.
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.