fximperija

Definitely time for trend change

FX:EURUSD   Euro Fx/U.S. Dollar
285 1 0
SInce EU didn't make a new HH with a spike just before Silvester, and dove from 39 to 354 it seems the up trend has peaked and time for trend change perhaps. The PA just retraced to 38.2 on NFP and is now ranging between 161.8 and 127.2 fib ext. of the last run up before NFP.
EU might retrace higher, even to 61.8, 78.6 less likely, and than turn down. The next week will show what will happen further. At least we can rely on fib. which signifies a healthy market respecting ratios and harmonics. No more pike and poke. Cheers
Newman
2 years ago
long or short
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