EUR/USD bullish trend has been come to end?
Updated
Bullish trend to new maximum or just a big correction to search a new min below 0.95? Both scenarios are possible and entire depend on FED's and BCE monetary policy. COT shows more long than short for non comercials.
Note
Looks great, better than expected. closing august above the july monthly candle low should now be really posible. The next important level would be closing at least with a daily candle above 1.1065 to confirm continuing bull run up to 1.1340Note
It's still valid, but it doesn't look good anymore. It is quite likely that this bull run is over if it hits the pnr 1.0635Note
Against all odds, this analysis is still valid and the US CPI was not enough to break the PNR line. ECB rates tomorrow. We'll see what happensNote
Definitely not a flat 3-3-5 continuous correction but there is still a small chance for bulls. Stay tuned for the next Idea to be published soonTrade closed: target reached
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.