Morning guys,
At first glance overall momentum and sentiment looks bullish for EUR, but we see alternative factors from US 10 year yield jump, short-term
sentiment analysis and dollar index price behavior.
Thus, instead of upside bounce from 1.1360 and forming reverse H&S pattern, we mostly expect to see big 1.618 3-Drive "Buy" and drop to 1.12-1.1230 area next week. Maybe Nov 8th Fed meeting will become major driving factor of this process.
At first glance overall momentum and sentiment looks bullish for EUR, but we see alternative factors from US 10 year yield jump, short-term
sentiment analysis and dollar index price behavior.
Thus, instead of upside bounce from 1.1360 and forming reverse H&S pattern, we mostly expect to see big 1.618 3-Drive "Buy" and drop to 1.12-1.1230 area next week. Maybe Nov 8th Fed meeting will become major driving factor of this process.
Trade active
Widely expected Fed decision keeps our bearish view on EUR and we still watching here for 3-Drive pattern.Trade closed: target reached
As you can see our target perfectly hit. Trade is completed.
ForexPeaceArmy BTC analytics :
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
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.
ForexPeaceArmy BTC analytics :
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
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.