IvanLabrie
Short

EURUSD: 3 long term downtrend targets

FX:EURUSD   Euro Fx/U.S. Dollar
1454 6 34
'Time at mode' analysis of the EURUSD             points to continued weakness, and some considerably extreme downtrend signal targets.
First, we have 0.9077, which is the target demanded by the last quarterly Range Expansion bar: Next we have the local             monthly downtrend signal's target at 0.95375. Last but not least, the quarterly downtrend signal's target at 1.00328, which must be reached before the downtrend timer runs out.

Fundamentals call for a continued decline in the EURUSD             pair, but we have to stay vigilant of technicals as well. If price doesn't reach 0.9077 this month, we might see a retracement or reversal.
Likewise, if we were to hit 1.00328, it's possible to see a retracement or reversal, since the downtrend would have been completed ahead of time then. I hope this longterm map serves you well when navigating the Euro             waters.

If you want more information in managing positions like these, and the way I'm approaching FX trading, contact me or Nicholas Coulby (ncoulb1) here, we're running a trading room chat via Skype, providing timely trade signals and coaching for a monthly fee.

Kind regards,

Ivan Labrie
Time at Mode FX
Comment: Once we break the mode up it's game over.
Comment: Critical times ahead, I'll monitor this closely.
Great insight, mate. Totally agree, it still got some fire power to move further down, but as you mentioned caution must be used because we don't want to get ourselves stuck on the wrong side of the market at the potential critical turning point. Thank you for sharing, as always and all the best to you :)
+1 Reply
Was thinking same yesterday, I refused to publish cos I was ashamed of the target price ^_^ Didnt wanna be the doom Sayer;)
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moorekapital moorekapital
By the way, I found I had some chart done some 2 months back on the possible demise of EURO. Gosh! tis an eyesore ^_^
EURUSD: THE MAGNETISM OF PARITY AND BEYOND ;)
+1 Reply
moneymaking moorekapital
Nice one mate. That seems very likely :)
+1 Reply
Great
+1 Reply
First this:
EUR/USD weekly update: bullish bat at longterm trendline?


And then maybe this...:
EUR/USD: Longterm options, dramatic I know...


Like moorekapital said: almost too dramatic to publish...
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