ZarNegar
Long

The future of Euro

FX:EURUSD   Euro Fx/U.S. Dollar
4084 30 103
Euro             is now at the lowest price.
1.04 level.. Will never be repeated.
Target of Euro             in the the next cycle. Will be 1.8000..
Details on the the chart.
I agree the EURUSD reached its bottom
EURUSD-time for a rebound?
+1 Reply
Troy123c FullTimeTrader
On your chart, notice the choppy price action in years past which usually resulted in a somewhat near term recovery. However, the most current price decline seems to form a pattern much more monumental. It may take time, but I see this as a big move perhaps declining to a low of .8000 if not lower. Thanks for your thoughts!
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Hi ZarNegar
Good Analysis ,very pretty char . Thanks for sharing.
AB=CD
snapshot
+3 Reply
Excellent your analysis.I like this.
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Excellent Work, mate!
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Great chart.
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I think it hasn't reached its bottom yet. Here is what I see...
snapshot
snapshot
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Remember the Euro is still new. Three cycles in 20 years are no measure of historical precedents. So if the parallel channel is broken should we not expect price to measure in a lower parallel price channel?
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Yahia.Awes QuantitativeExhaustion
Might be, it could also act as support. I'm monitoring that level to see what is going to happen.
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ZarNegar QuantitativeExhaustion
Thanks to JR
Notice that. this trend line started in 1993 and continues today
this is not just a channel. It is a historically major support line.
And is unlikely to break.

So I believe that the 1.04 Will never be repeated. And not broken.
  Currently. We are waiting to repeat previous levels.
Such as 1.21- 1.31- 1.41 and above ...
+1 Reply
Do you have alternative to 1.04 being broken?
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Saying price Cannot be broken is like saying it will never rain on earth again.
+1 Reply
ZarNegar QuantitativeExhaustion
You're right.
But I say, 'Will never be repeated. And not broken. '
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Yahia.Awes ZarNegar
We have drawn a channel with the same start, why would yours be correct and mine not? I'm supported by the fib-pivots...
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Will never.... must be new.
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Wow! you are forecasting up to year 20016! that's 18,001 years later :p
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This is what makes a market and you bold enough to put your neck on the line with strong view and always respect that in a trader , my own thinking sadly cannot agree with your longer tern view and look for 1.04 to be broken and looking for levels below parity , but will follow your thoughts and views with interest
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agreed
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NarNegar, I favor your "Will Fall" forecast for EUR/USD posted back in mid-January of this year. It seems the current price-action for this pair falls in line with your prediction then. What do you see that has changed your outlook for EUR/USD. Thanks for sharing!
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The Euro is a failed socialist creation. Any other currency, and your technical analysis is 10/10, however with Europe entering financial disaster right now, I don't see it remaining solvent for more than a few more years. I'm a believer in a summer rally for the Euro, but after that it's back to it's decline and eventual breaking of par with the USD, which is actually the king of currencies right now.
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Fantastic chart
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Love this chart!
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wow, nice work :)
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1.80??? i dont think so but hope you are right.
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not yet low price.....
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Thanks Bro I got entered @ 1.1067 will wait until we get to the mountain :)
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would be nice
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more of history ... http://screencast.com/t/omoa0KUt
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excellent analysis
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excellent analyse! thanks
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