EURUSD HAS 1000 PIPS OF UPSIDE IN IT IN THE NEXT 6-9 MONTHS
Euro is forming a massive bottoming pattern at the 1.09/1.10 level. From a daily perspective price is getting ready to lift off. I suspect this will take about 5 months to develop based on the price structure. Looking at a long term perspective of the EURO , from a technical perspective there is a lot of evidence that demand is going to flow in a very big way. I am extremely bullish on the Euro
Monthly view:
- Weekly view:
Monthly view:
Comment:
Bottoming base continues to build. Next resistance is 1.1220. Watch the trend line
Comment:
This formation is bearish. Trailing stops triggered across all remaining tranches at the Friday close.
Comment:
The 1.10 level is the next major structure.
Long term thesis is broken if we see a close below the red line. If not, analysis remains intact.
Long term thesis is broken if we see a close below the red line. If not, analysis remains intact.
Comment:
Next leg up in the Euro is likely in store soon. I am targeting 1.2190 as the next target:
Comment:
Still bullish: