EURUSD - Could it be the "come back kid"?

FX:EURUSD   Euro / U.S. Dollar
1362 6 16
Bullish tone for USD is becoming very pronounced. GS             has put out a EURUSD             projection to Parity. All known fundamentals seem to suggest USD strength for foreseeable future and it is well rehearsed. So I will fully understand if my chart and analysis is called into question.

Some have questioned my approach and are asking what happened with one of my chart where I expected a bottom around 1.34 area? Well that is the beauty of having a stop to protect when you are wrong or are right but misjudged the overall swing.

Overall view that EURUSD             could surprise many with its move to the upside still holds and is detailed in last published updated chart link:

Anyway, having dropped to 1.2350 zone, the 5 wave move from May high appears to be complete. Either low has already been posted or will this week.

So now looking for safe long entry with money management in place is the most logical trade for intermediate to long term swing with 134-1.35 as very likely or might have major new bullish cycle in store.

This also no supported by other correlation studies which I will share below.

As always confirm any plan to trade by your own analysis.

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Feel free to share the chart with your circle of trader friends. Thank you for taking the time to read my analysis.
New for EURUSD is overwhelmingly bearish. Yet as some of the other charts below suggest we are in potential bottoming zone. The bounce of the last weeks low could be significant, thought the initial counts on the bounce are little unclear. However of this low does hold and confirmed by price rallying beyond 1.2600 then we could have what some calls it turtle soup. Another word for short squeeze as many with bearish position fight to keep hold are stopped out. Watching with keen interest.
thanks for publishing your ideas DanV. But let me tell something about your analysis. You always think the market will turn around after three waves... which is a fatal error in analysis. For me it means possible trading in rang for while and then continuation in the same direction. Or maybe continue with 5 waves or... or .. or...
Absolutly no reason to go long right now !!!!
+2 Reply
DanV MOD Hadibeek
Thanks. I appreciate your comments. No need to go long if you don't wish to or what for confirmation if you feel comfortable. I am saying potential low is in place or is close. So looking for safe entry for long is the logical conclusion. Not go long blindly.
+2 Reply
Corresponding potential reversal top in DXY or at least larger retracement is now more likely after 5 wave move up to last weeks high.
Correlation analysis of Oilo & EURUSD both having USD as a common factor
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