EURUSD correction looking for support for 2018 new high.
We have seen a massive impulse within a EU uptreand.
Which i belive is going into a deep corection, but hasn't yet broken the
real uptrend.
Assuming this is the case we are expecting som uptrend short term correction
before going down to test the great consolidation support zone from 2015 to 2017
or a greater correction all the way down to the lower 2017-2018 trend line support.
By the time price reaches the Mid-point we'll see what US and EU banks positions
regarding rates and growth.
Which i belive is going into a deep corection, but hasn't yet broken the
real uptrend.
Assuming this is the case we are expecting som uptrend short term correction
before going down to test the great consolidation support zone from 2015 to 2017
or a greater correction all the way down to the lower 2017-2018 trend line support.
By the time price reaches the Mid-point we'll see what US and EU banks positions
regarding rates and growth.
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.