Euro Long Term Macro Analysis - Crash in Sep ?
Updated
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Now the analysis! 📉
After the big drop of dollar index form July, we believe it's the end of the wave, based on time, price, and fundamentals.
Euro is the same. The end of the bull wave. We see a MASSIVE drop in the next months. 💀
There isn't a confirmation in price action YET. So you should wait for it. We will update the chart on this post when we saw the confirmation (so make sure you click on "Follow this idea". It will make you know if there is an update for this chart). Remember, no confirm = no trade. 👌
The long term targets are:
1.064 ✅
1.034 ✅
All of our analysis is based on pure price action and order flow analysis. So don't judge fast ;) ❤
We Mentorifing you to success! 👌
----------------------------------------------
Now the analysis! 📉
After the big drop of dollar index form July, we believe it's the end of the wave, based on time, price, and fundamentals.
Euro is the same. The end of the bull wave. We see a MASSIVE drop in the next months. 💀
There isn't a confirmation in price action YET. So you should wait for it. We will update the chart on this post when we saw the confirmation (so make sure you click on "Follow this idea". It will make you know if there is an update for this chart). Remember, no confirm = no trade. 👌
The long term targets are:
1.064 ✅
1.034 ✅
All of our analysis is based on pure price action and order flow analysis. So don't judge fast ;) ❤
Note
After 1 month finally, we are seeing a lower low in daily and this could be our market structure break! Why I'm saying "could"? Because of the situation of Pound. (You can see the Pound analysis in the related idea section)Basically $91.75 shouldn't be touched again in DXY (Dollar Index). If it happens, it does NOT mean it's canceled completely. It means, the market wants to expend for the last time and we should wait for the next opportunity (Daily HH).
Be in touch my friends ❤️
Note
Next stage: 1.104Today price: 1.17
Pip deference: 666 pips
Time frame: Monthly
Trade active
Today is 10 Nov and Jo Biden completed 270 electoral votes. BUT...[ Donald Trump will be elected ] - There is a %99 chance of winning...
EUR will be crashing HARD. Even if we see A BIG hunt and spike to the upside, the overall analysis is steel valid.
Note
Biden would N O T win this election ...Between the 2 of them, the one who born on June 14, 1946, will be the president :)
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