alabwam

AT 1.08 AND 1.05 LONGER TERM THE EURO IS GOING UP

FX:EURUSD   Euro / U.S. Dollar
56 2 4
THERE WILL BE A BOTTOM SOON FOR THE DOLLAR INDEX             100 MARK IS THE ULTIMATE HIGH FOR NOW
wal leeeeeeeeeeeeeeeeeeeeeeeeeeh
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Thx for sharing...i am still bearish. i thonk we will Crash through the Support @ 1,08 . At the moment i see on the one hand the chance for a double bottom with basis 1,08. The target of this formation is 1,1425. -Above 1,1425 there is enough place to make a new high at 1,18. (orange counting)

On the other hand there is the strong momentum and dynamic of the longterm downtrend - we are trading at its trendchanels upper edge. This can perhaps be interpreated as a new anticyclical selling signal as long as we trade below this level.
-Below the last valid orange "3" at 1,08 a drop to 1,04 can be exspected
-below the last valid red "2" a longterm selloff can be exspected with target @ 0,92
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