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...?
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...?