EURUSD : Post Brexit Shock. Reaching Parity with $$

FX:EURUSD   Euro Fx/U.S. Dollar
5 months ago
EURO             is doing huge bear flag and might break down on longer cycle.

We are in corrective structure making flag making D wave. Apparently, given more chaos and currency price wars we can slid down to a parity as 1$ -1euro. though we have chance to bounce back and make E and then drop down.

For Near Short term, it might make flag after that break of trendline before hitting the bottom for completing D.
I would suggest you to ride the waves and bounces.

Enjoy the trading.

ps. arrows shown in the chart has no specific value, it just shows the direction of waves. Please calculate your own entry prices and strategy for the trade based on your a/c and risk management.
5 months ago
Comment: gave up all daily gains !
4 months ago
Comment: Back to Square One. let's see how it holds up all weekly gains under US Election turmoil.
4 months ago
Comment: hmm
4 months ago
Comment: Look for buy setups now. DXy might have topping pattern.
3 months ago
Comment: Bounce from the TL at D. lets if it can continue correction upside
14 days ago
Comment: Near term it looks upside

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