$EURUSD: Reverse pattern research (Part II)

FX:EURUSD   Euro Fx/U.S. Dollar
2319 7 42
See our "Part I" Analysis:

$EURUSD: Reverse pattern research

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2 years ago
I do entered long yesterday. As I mentioned before to you my view is that before the interest rate rise in US the correction is possible to arrive to 1.2. But there is another fundamental. On 5 of june Greece probably will have a problem to repay it's creditors (1.4 billion euro to 4 creditors, on 5.06. they have to repay 300 million). At the present moment Greece has a serious problems and we have to take account on that. So from that fundamental point I do have some preoccupation and I watch closely what will happen in Greece from the inside and outside, because in a case that Greece defaults the probability that eur/usd arrive 1.2 will decrease substantially, but xau/usd will make a hard move. However tomorrow we will have some information releases from EU. We will see what will happen. Have a nice trading till then.
SignalSwiss TOP Mo6e
2 years ago
Hello, I think that an agreement will be found by June 5....
+5 Reply
IvanLabrie TOP SignalSwiss
2 years ago
And one day after that the OPEC meeting...

Nice charting as usual SignalSuisse.
+2 Reply
2 years ago
Looks like this block is being respected for now, with this move we formed a low around the 61.8 of the move up which is interesting. I'm not discounting the possibility of consolidation and further up. Let's see how this develops. Thanks as always for your analysis.
+1 Reply
+3 Reply
SignalSwiss TOP SignalSwiss
2 years ago
It seems to have been a good entry... we'll see it....
+4 Reply
2 years ago
very nice analysis, well done
+1 Reply
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