EUR/USD - The Roaring Of Bears

FX:EURUSD   Euro / U.S. Dollar
Dear traders,

in my last analysis I indicated that the bears (should) get ready - slowly but steady. And here they come, roaring and shouting, showing off how fast they can pull the rug out from under the bulls feet. So where are we at?

Is It A Trap?
Based on my analysis and expectation: No! It fits into the big picture and goes conform with my DAX30             analysis as well. Sure, there's always a chance it rockets upwards out of nowhere but based on the technical and fundamental situation it's very unlikely.

What's The Story?

To keep it short and crisp: I think the final move/impulse towards parity is made/in progress.

Game Plan
I have already opened a short position in all my accounts today but aim to get a few more - build a pyramid as we move on.

Godspeed and happy trading. Comments welcome.

is going to retest 1.0500 sure is not elliot 5 wave is 7 wave and the correction broken 3 wave so is butterfly firt and after battle for minimum price, what u think ?
have two scenarios, downside favored - has couple of technical signals, but you never know....
1.1060 support needs to go to dive down
Dluginacci look4edge
Hi, thanks for sharing your ideas. Looks interesting. Cheers!
CoolCreekCTA Dluginacci
I am short since Sunday night at 1.1438. I agree with Dluginacci's chart analysis in general; the trend looks to be down. Today's rally to 1.1185 failed miserably but perhaps they will try again. I will also look to add to short position at 1.12 if it manages to rebound to that level. i am looking for down move to 1.09.66; 1.02 would be great but i don't see it yet.
Thanks Michael.
Dluginacci JenniferSano
You are welcome
I think EURUSD will not drop lower then 1,08
+1 Reply
Dluginacci dzintars
Hi, thanks for yoru comment and oppinion. Would you mind to explain why you think so? Cheers!
But we will never see parity and more less we turn trend for UP and during next 3 years we will have a bullish trend:) but I wish all the best.
Dluginacci Philson-Investments
Hi, thank you for your comment. I said towards parity, meaning teh direction. However, in my previous analyses I indicated 1,02 as a realistic target. Cheers!
+1 Reply
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