The EURO is in a clear down trend . Currently the Fisher is over extended so we will most likely have a counter trend rally to top of red resistance line & R1. As long as this trend stay intact, the EURO will resume the down trend roughly following the outlined arrows. Fisher above mid-point could signal a trend change.
Comments
nmike
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...next likely upside target 1.33
nmike
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...back in REFERENCE CHANNEL
QuantitativeExhaustion
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Temporary or full faith bullish move to 1.37-38
nmike
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..EURO currently at CLONE 1 and R2 resistance, if broken, we could see the EURO run up to diagonal trend resistance near term.
nmike
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update...near term target top of CLONE 1....mind the boundaries.....
Nickmail
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waiting for right shoulder of reversed pattern +- 2976
mreuro1
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hello dear is this broken down trend ????
nmike
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the down trend is broken, however at the moment the EURO is short term overbought, break of the last pivot high would confirm the up trend...
nmike
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...update ... the EURO has broken R1 and trend line, if this short term move continues it's likely the EURO will reach top of CLONE 1,