1H analysis
Comment:
There is still some indecision in the market so I think the price will stay in this zone this week. This undecidedness must come to an end next week (I hope so, but no cristal balls here). There can be a downward correction but very likely to form a third wave in my opinion. Based on the monthly chart, there is huge potential to see a volatile euro sooner or later breaking the previous top (see chart and the related idea's). I still keep in mind that some big banks are still watching 1.18, and possible even higher before the end of the year.
Comment:
long trade closed at 1.1340 (see related idea's)
I decided to take profit early seeing the market hits a resistance and continue moving Inside of a triangle. This could be bullish as bearish. If bullish the initial targets may be hit. I'm looking for a new buy opportunity when the signal is clear enough. Trend is still bullish.
I decided to take profit early seeing the market hits a resistance and continue moving Inside of a triangle. This could be bullish as bearish. If bullish the initial targets may be hit. I'm looking for a new buy opportunity when the signal is clear enough. Trend is still bullish.
