


Forextudent
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since Jun 7, 2020
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Impulses pushed the price up, and now it's to breathe.
7
Elliot Wave #3 Impulse...No body can prevent the price from falling down!
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This analysis is based on the fundamental conditions. The US economy is the winner in hard situations.
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We are going to have a strong bearish move for the banks and institutions to collect cheap euros to sell at higher levels. They sell what they have already bought by the US election, then buy again at the bottom to sell at higher levels (1.2200-1.2500). Without having enough cheap euros, the price does not really go up to a stable higher level. (They must buy...
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These are my ideas on Euro/USD based on the historical data of the last 4 elections in the US.
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