Razvan

EURUSD - Big Fibonacci Cluster

FX:EURUSD   Euro/U.S. Dollar
1235 21 10
1.3800...seems to be in a very important Fibonacci Cluster , but not only. There are also some rejection line there. Break or fall? I would love a corrective move. What do you think?
1.3500 was my last target!
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1.3700 fell. Fundamentals doesn't look to good for the Euro!
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Very Much Agree! Cluster acted as a magnet. Might brush up against the fib cluster for a few days before dropping. Also, believe dollar will brush up against it's fibonacci support cluster @ 78.89 DXY
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alex.a QuantitativeExhaustion
Perfect scenario ~ It all depends on the psychology of EU members. Less Tourists, Less exports numbers... How much they will buy USD? That is the question.
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alex.a alex.a
Last time Thailand and Japan bought it but who will buy this?
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The Federal Reserve has kept the Dollar in check, just as the BOJ.
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alex.a QuantitativeExhaustion
If this got broken down and continue USD weak, then what would be the consequences? There was a time Euro got above but the reason was US's weakness? I didn't check so I don't know.
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Most of the technical indicators are all like that but we must not forget that the US gov. shut period data was embeded last NFP and would be in the preliminary GDP.
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Razvan alex.a
So what do you think, taking into consideration the world economic status?
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alex.a Razvan
In my personal opinion, I wouldn't risk. Rather I would choose the 2nd to do. Wait for the first to be the test basket - I hope you know what I mean. But all depends on one's own risk set, though.
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