The EURO has a stoped bull run rally from 1 week. So, this fundamental are from experts what take opinion for all public traders.
Well, EUR is reach in the zone of 0.618% of Fibonacci and continue in the bullish rising wedge that mean a possible continue drop of the price, also, we need to take objective for pick up.
That red arrow that I mark it's mean manipulation of the price in H4 or H1 timeframe and this mean a continue drop!!!
Well, Fibonacci say for us the continue trend as Bitcoin do in my previsouly technical analysis and this is a golden zone. Well, guys, now there are 2 scenario to remember in formation, there are a possibility to form a double bottom and possible stron support. Well, my objective is just to find down 80 pips, it's all for me!!!
Well, this is my screenshoot in Daily and Weekly timeframe that I created with elliot wave analysis!!! So, look out my beyond of my technical analysis!!
Also, as add fundamentals, the USD is into the recovery of their economy
1. Dollar retreats even as covid-19 numbers reach grim milstone
2.Dollar styned as mood signs between recovery hopes and virus fears in US and recentrly cases in Florida
3. Forex-Dollar slips; Euro gains ahead of merkel marron Meetings. This is very important this meeting.
4. German inflation picks up more than expected on services costs
5. Europe slowy picks up pieces after virus shattered economy
Now, guys the news for the Eurozone more impact is that German have a inflation of services costs of PMI, and this indicator it's very bad for the Germany and leader in the Eurozone!!!
Well, EUR is reach in the zone of 0.618% of Fibonacci and continue in the bullish rising wedge that mean a possible continue drop of the price, also, we need to take objective for pick up.
That red arrow that I mark it's mean manipulation of the price in H4 or H1 timeframe and this mean a continue drop!!!
Well, Fibonacci say for us the continue trend as Bitcoin do in my previsouly technical analysis and this is a golden zone. Well, guys, now there are 2 scenario to remember in formation, there are a possibility to form a double bottom and possible stron support. Well, my objective is just to find down 80 pips, it's all for me!!!
Well, this is my screenshoot in Daily and Weekly timeframe that I created with elliot wave analysis!!! So, look out my beyond of my technical analysis!!
Also, as add fundamentals, the USD is into the recovery of their economy
1. Dollar retreats even as covid-19 numbers reach grim milstone
2.Dollar styned as mood signs between recovery hopes and virus fears in US and recentrly cases in Florida
3. Forex-Dollar slips; Euro gains ahead of merkel marron Meetings. This is very important this meeting.
4. German inflation picks up more than expected on services costs
5. Europe slowy picks up pieces after virus shattered economy
Now, guys the news for the Eurozone more impact is that German have a inflation of services costs of PMI, and this indicator it's very bad for the Germany and leader in the Eurozone!!!
Trade active
The idea of my analysis was accert and good!!! So, at the moment there are a duble bottom of then:Now, there are a highly possibility to form an armonic pattern of this analysis
The possibility to form the armonic pattern is higher, at the moment reccomen to closed up your position in short and still waiting how the markets form
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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.
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.