121212 BULLISH UPSIDE TO UPPER PITCHFORK LINE. DOVISH FED, UNCERTAINTY TRADE DEAL (15/12) AND UNCERTAINTY OF BREXIT IMPACT ON EURO.
BULLISH FOR THIS BETA CURRENCY. CORRECTION BEFORE MOVE HIGHER TO UPPER PITCHFORK LINE.
PRICE CORRECTED TO 61.80% FIBO LINE BEFORE POTENTIALLY MOVE TO MEDIAN PRICE TARGET. POTENTIAL TO BALANCE PRICE AT 50% YEARLY PRICE .70 DOVISH FED, RELIEF TRADE WAR DEAL.
BULLISH PRICE MOVE TO MEDIAN LINE.
PRICE CORRECT TO FIBO LINE 61.80%. DOVISH FED RATE, LOWER PROJECTION FROM ECB AND VOLATILITY OF BREXIT WILL MOVE PRICE DOWN AT LOWER PITCHFORK LINE AT -161.80%
POLITICALLY, CONSERVATIVE PARTY LEADING ON THE ELECTION. LARGE MOVEMENT ALREADY PRICE IN FOR BREXIT. LOWER VALUE OF GDP THIS WILL POTENTIALLY MOVE PRICE TO LOWER PITCHFORK LINE.
PRICE TARGET TO LOWER PITCHFORK LINE.
PRICE CORRECT TO LOWER PITCHFORK LINE 1.10100
PRICE SUPPORTED AND POTENTIAL FOR BULLISH. DOVISH ON FED RATE THIS WEEK, STAGNANT CPI AND DOVISH FUTURE OUTLOOK. WEAK ECONOMIC IN EURO AREA. BOTH IDEA POTENTIALLY SUPPORT GOLD TO MOVE HIGHER UNTIL MAC 2020 AT 1600.
Price correct and move to the Fibo line (B). Dovish on FED decision this week.
CORRECTION FOR BULLISH HNS PATTERN.
BUY LOW, SELL HIGH
Wait for NFP data for better trend, temporarily bearish toward 1.10000
Potential price target and test resistant price 110.00 of the upper line due to better NFP data.
Price target toward median line.
The bearish trend toward end of the year. Price correction to upside upper line of supply zone before the bearish movement continues.
Bullish price movement to median target price.
Thanksgiving low liquidity on Friday 29/11/2019