1H analysis
Note
There is still some indecision in the market so I think the price will stay in this zone this week. This undecidedness must come to an end next week (I hope so, but no cristal balls here). There can be a downward correction but very likely to form a third wave in my opinion. Based on the monthly chart, there is huge potential to see a volatile euro sooner or later breaking the previous top (see chart and the related idea's). I still keep in mind that some big banks are still watching 1.18, and possible even higher before the end of the year.Note
long trade closed at 1.1340 (see related idea's)I decided to take profit early seeing the market hits a resistance and continue moving Inside of a triangle. This could be bullish as bearish. If bullish the initial targets may be hit. I'm looking for a new buy opportunity when the signal is clear enough. Trend is still bullish.
Related publications
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.
Related publications
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.