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Several harmonic scenarios towards ECB meeting

FX:EURUSD   Euro Fx/U.S. Dollar
EURUSD             remained solid against the Dollar unlike other majors ( GBPUSD             , AUDUSD             , NZDUSD             .. )
As ECB meeting approaches, here are several harmonic scenario to monitor:
  • Bearish AB=CD pattern - Completion near 1.13 - Will become valid if $EURUSD will break above the 200 SMA line
  • Bullish Gartley pattern - Aggressive C sell scenario - Valid as long as price remains below 1.1 - Sell 1.09 and target Gartley completion near 1.06 (blue pattern).
  • Bullish Crab pattern - For the extreme bears among you - Sell 1.09-1.1 and target 1.05 and 1.02, pattern completion (green pattern).

Tomer, The MarketZone
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