Viking83
Long

EUR/USD-structures

FX:EURUSD   Euro / U.S. Dollar
EUR/USD             can have completed a long-lasting structural pattern similar to the one completed at the beginning of the millennium.
I know that many could interpret this as a bear-flag             pattern. However, I think the pattern may surprise the market and the Euro             breaks to the upside.
So you mean that QE will be terminated in Q1 2017?
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Viking83 ja.piotr.bor
@ja.piotr.bor, I just chart what I see of patterns. There were rumors of QE termination on Draghis side on the fundamental side a while back though.
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@Viking83, But you know there was different reality ? Patterns are patterns, but it would be almost miracle if that come up like that (I thoguht about it, a while ago). And a lot of people count on it, because a lot of people see it - and because of it, I doubt if Euro, will strenghthen now.
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Viking83 ja.piotr.bor
@ja.piotr.bor, And a lot of people are not thinking of that the Euro union is potentially dissolving; Brexit; Frexit; Itaexit etc and hence it should be bad for Eur?
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Viking83 ja.piotr.bor
@ja.piotr.bor, And on the other side of the table is an elected president who wants to restrict international trade. When was that ever good for an economy as a whole and bullish for its currency?
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@Viking83, hey what happended today. Yeah, s*** happen. I now must revaluate my view on gold due to correlation with euro and yen, there is some picture creating now...
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Very accurate
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