The Black Day of March 2015--was the high for dollar firstname.lastname@example.org & Low in EURUSD was 1.04....since then they all are tracing corrections which turned out to be complex depending on their earlier trending moves... EURUSD has traced triangle-which confused everyone & might have taken you also atleast once by surprise in this 1 year period-which is a sign of triangle to confuse market participants...Now once it starts trending no deal left ...as everyone will start talking in alignment.... Dollar Index had a complex correction making c-wave email@example.com...A sharp push upside --I am taking as 1st Wave ...2nd wave was correction...3rd wave we started Boom...Projections tell us that 5th wave can be equal in distance to 1st Wave so we come out with target of 103 approx...but wait we should not eat at once all, whatever is served in your plate...take step by step --so that it is easy to digest else you will puke-a universal principle-which everyone forgets. In coming days we should first cross 101 & sustain for targets 103 & Above.
Regards, Abhishek H.Singh, CMT
11:30 Hrs--IST--20th July 2016---Dollar Index is on its way....looking first to cross.100.50 & sustaining above that level--it shall touch 103-104 zone...Regards, Abhishek
Best Regards, Abhishek H. Singh, CMT India Regional Manager http://in.tradingview.com | LinkedIn India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
Yes...Eventually it has to move up...EURUSD has to move down...there is no way for them to be out rather than former(Dollar Index) rising & later(EURUSD) falling...They are just spending time & confusing market participants...Regards