EURUSD and DXY have an all time negative correlation. Now, it's a clearly short opportunity.
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It's surprising me that so many people are looking for EUR longs. Just a guess. Note
A batman harmonic pattern and a monthly 5th. wave could be happening in 2 months.
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I'm using this technic "pitchfork reflection" by Victor.Y.F. It's inspired by "when the price is crossed the trend line it tends to copy the moving before". Last analysis was very popular Lol. So I use the same way to do it again. Note
OBV is showing good sign of volume increasing. Note
Case closure. Target has been limited by EURUSD implied volatility. We should've reached 1.24757 where 2014 key close price. EU zone investment condition will be worse.
Merry Christmas and happy new year!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.