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
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.