AndyM
Short

EURUSD - should fall below 1.00.

FX:EURUSD   Euro / U.S. Dollar
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11
The structure and timings of the decline are similar to gold , NZD and GBP. All are in downtrend.

Comments

the reaction of eurusd to the first signs of SPX crash is not encouraging at all :(, is that normal ?
Reply
@AndyM Hi Andy. It's good to see you post ideas again. But, what is going on with EUR/GBP? It just doesn't seem to falling as would be expected. I'm disappointed by the lack of downward movement after all this time, and it's actually moved higher the last two days. Much higher from here and bets are off on the pattern we have talked about for so long.
Reply
AndyM Tarder
@Tarder, Hi! The bets are not off, in fact this is perfectly normal to have the inner w2 retrace deeper than the outer one. We are still tracing 1-2-1-2, the inner 2 being an flat with an ending wedge in C.
Reply
AndyM Tarder
@Tarder, I'm waiting for the structure to complete and show signs of reversal before I post this chart. The deepest and most powerful waves 3 occur after the deepest retracements in 1-2-1-2..
Reply
Tarder AndyM
@AndyM, Thanks Andy, I appreciate it and good to hear from you. I keep my fingers crossed for this, just hoped it would be faster and didn't expect it to retrace so far. Will keep an eye for your updates.
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