June 1st, 2014 Special | EURUSD Theoretical Outlook for 2014-15!

FX:EURUSD   Euro / U.S. Dollar
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Whether it is the EURO's fault or the USdollar's fault, EURUSD             could be seeing a major move up to the 1.85s way before the year ends, followed by a decent retrace and further down movements thereafter. Note, this is just a theory and an audacious one that, but still, block you're ears because a LOUD thunder 'may' blast through! :D Tread carefully and be cautious! ;D
lol.. wow dude..
Mennzz 99nines
What, you don't like water fountains? ;P
glanfx Mennzz
No need for water fountains here!
Mennzz glanfx
Of course not! Just a... few.. pyrotechnics.. that's all. :P
Based on this assumption, do you have a related theory chart regarding the EURGBP? Can the GBP keep up or are we likely to see parity or worse in the EURGBP?
The down trendline from July 2008 has held the advance ( A third tap failure) for now but a horizontal line at about 1.3650 (not shown) also appears to be solid support. (Resistance at Dec 2004.) Monthly stochastic is very high but I am told there is no such thing as overbought in an uptrend!
As a UK Expat living in Spain I have retained most of my income producing assets in the UK but of course require Euros for living expenses.. If we have a change of government at next Mays election it is likely to have a negative effect on the GBP. Been trading since 1996 and can reasonably cope with daily / weekly swings, however, any longer term views from an expert are always welcome.
Mennzz glanfx
Hehe, hardly consider myself an expert, but, if the EURUSD pair actually does what the chart says it may do, it's easy to see EURGBP following along closely as the EURO 'could' be the force that drives this move.

However, if the USD falling considerably is what powers this move, EURGBP may just float upwards gently or may not even be effected that much since the dollar variable is missing. :D
glanfx Mennzz
Thanks very much for taking the time to respond. Much appreciated.
Mennzz glanfx
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