FX:EURUSD   Euro / U.S. Dollar
307 1 3
Monthly EUR/USD             has continued to look like a correction wave. Price has hit resistance at downtrend line as well as Fib retracement. (w), (x), (y) formation should be finished ending wave 2 of larger Y correction. Wave 3 of larger Y should increase in momentum in next several months. I have turned slightly more Bearish and await momentum. If EUR/USD             continues to consolidate we could see one more month of upward movement. Fundamentally, European numbers have improved slightly, however underlying unemployment numbers as well a overall GDP numbers remain sluggish at best and the belief that ECB President Draghi might have to implement more measures to help halt Euro             upward momentum could be in the near future. Monthly chart I remain Neutral with slightly more Bearish steps.
I think so
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out