Multiple Possibilities on EUR/USD
hello guys, here's a list of possible opportunities on the euro:
1. a possible AB CD movement to the upside toward 1.16, but before the CD movement we should see a touch of 1.14 support level
2. a possible advanced pattern formation, this can give us the possibility to go long on the euro, toward 1.14. Watch carefully also the trendline! If broken we can go down to 1.13
3. if emerge in EU a political debate (i.e. Italy budget) the trendline becomes really important, if we close below we can activate a short position.
The latter is a concrete scenario in my opinion. Let's see.
best regards,
docCDS
1. a possible AB CD movement to the upside toward 1.16, but before the CD movement we should see a touch of 1.14 support level
2. a possible advanced pattern formation, this can give us the possibility to go long on the euro, toward 1.14. Watch carefully also the trendline! If broken we can go down to 1.13
3. if emerge in EU a political debate (i.e. Italy budget) the trendline becomes really important, if we close below we can activate a short position.
The latter is a concrete scenario in my opinion. Let's see.
best regards,
docCDS
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