Lanmar

EURUSD HAS 1000 PIPS OF UPSIDE IN IT IN THE NEXT 6-9 MONTHS

Long
FX:EURUSD   Euro / U.S. Dollar
Euro is forming a massive bottoming pattern at the 1.09/1.10 level. From a daily perspective price is getting ready to lift off. I suspect this will take about 5 months to develop based on the price structure. Looking at a long term perspective of the EURO , from a technical perspective there is a lot of evidence that demand is going to flow in a very big way. I am extremely bullish on the Euro

  • Weekly view:


Monthly view:
Comment: Bottoming base continues to build. Next resistance is 1.1220. Watch the trend line
Comment: This formation is bearish. Trailing stops triggered across all remaining tranches at the Friday close.

Comment: The 1.10 level is the next major structure.

Long term thesis is broken if we see a close below the red line. If not, analysis remains intact.
Comment: Next leg up in the Euro is likely in store soon. I am targeting 1.2190 as the next target:
Comment: Still bullish:
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