Pashabxl

EURUSD: Towards an upside correction?

FX_IDC:EURUSD   EURO / US DOLLAR
115 4 2
EURUSD             Pair has the initial sign of an upside correction on a 4H Chart. Yet this doesn't appear at all on a 1D Chart, but it is interesting to watch.
Therefore there may be an initial move towards an upside correction of EURUSD             until 1.10 before EURUSD             plunge bellow 1 towards 0.92. But this has yet to be confirmed.
On the long term, EUR will go towards 1 and bellow 1 until 0.92 if not 0.86
Great analysis from you...spot on, Well done. Interesting how the 1.10 level was spiked taking out many many stops! Was very mean I have to say. What are your current thoughts on the direction?
+1 Reply
Well thank you very much for your nice comment. actually as I have mentioned in this study the new direction will be towards 1 but of course EURUSD will move between 1.045 and 1.065 before making the break earlier next April I will publish a more detailed study next monday . best
+1 Reply
Thanks for your insightful updates.
Could you detail in your future analysis how you have found the 1.1 target of the recent correction?
Reply
Pashabxl PRO AristotelCostel
Yes of course I will detail in my futur analysis how I foûd my previous target and range The future path of the pair short medium and long term. Best Guldener
+1 Reply
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