PatStale
Long

Longing for labor day

FX:EURUSD   Euro Fx/U.S. Dollar
220 0 2
It's august, and the euro             has been dropping since May.

A cyclical analysis would put this week as an interesting start of correction for this pair.
The stoch RSI has reversed in the oversold area, so I will be looking to be long at least until the end of the month.

The regularity of Highs (and lows) since June 2013 is astounding, so I would anticipate a further low to come around October 10th as a second inverted objective.

The bolique resistance could turn the corerction short, but I believe a retest of the 1.35 could validate a wide HS..
Let's see whall we...?
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