DanV
Long

EURUSD (Update)- Intermediate Term, Still Bullish

FX:EURUSD   Euro Fx/U.S. Dollar
616 9 1
Following on from my previous chart with bullish view, we have had some more price action. Although the narrow Pitchfork is no longer appropriate, which, I have removed& replaced them with new minor up trend channels. " days of what looks like only a retracement is not enough to become bearish . Only breach of 1.28 would invalidate the Bullish view. For now we continue in new 5 wave up for the final leg of the larger 5 waves since July bottom. This would still be the case even if the price consolidates as per PINK, before continuing higher. For overall perspective of where EUR could be headed, please see my Dollar Index             Chart & VIX             Index chart.

Bullish view of EURUSD             chart does not necessarily go hand in hand with what might or might not be happening in the EUROZONE Per Se or its relative fundamentals. I have intermediate to longer term view on this chart not for scalping or day trading necessarily.

Time will tell.
aprizm
4 years ago
its way too complex for my brain. I prefer simplest view
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DanV MOD aprizm
4 years ago
Thanks for viewing my chart and commenting. It can be complex but then we trying to see how it will move over next few days & weeks. The simple message is that it remains bullish until 1.28 holds. If that break, then I will review it and updated my analysis. Thanks again.
Reply
DanV MOD aprizm
4 years ago
Thanks for viewing my chart and commenting. It can be complex but then we trying to see how it will move over next few days & weeks. The simple message is that it remains bullish until 1.28 holds. If that break, then I will review it and updated my analysis. Thanks again.
Reply
aprizm
4 years ago
its way too complex for my brain. I prefer simplest view
Reply
DanV MOD
3 years ago
More than achieved my target and went on much higher. I will be posting new updated chart. select to follow me of you are not already for notification of future posting
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