LONG TERM OUTLOOK for EURUSD Looks Bleak Against the Dollar
This publication is intended ONLY to convey the LONG TERM outlook using the 10-Week Time Frame. The remainder of year 2019 does not look good for the Euro.
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Drew lines for POSSIBLE future trek of the lines within the indicators on the 10-Week TF:
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If you take a "long" position at any time during this period of downward pressure, do NOT expect that period of upward pressure for a long position to last very long. Also, do not expect any upward moves to be as significant as the downward moves yet to come the remainder of 2019.
Here's the 3-Day TF:
Here's the 3-Day TF:
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Excuse me, that was a TYPO. Above is the 2-Day TF...
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In this 12h TF, we can see it was NOT a good idea to take a long position ever since July 19th. Note how the Purple ENERGY, Green Line and Red RSI within Godmode indicator were falling.
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Simply updating this publication for future reference.