HiTech
Short

EURUSD - THE START OF DECLINE

FX:EURUSD   Euro / U.S. Dollar
1683 15 15
Details on the chart
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Thanks for your nice chat and details, but I think EU will touch 1.098ish before the next drop. I feel that daily and weekly technicals still show sign of short term bullishness. Just a thought.
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Just a though does not have value in trading, any technical, fundamental evidence of your thoughts?
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Well,we might hit a s/l on this one.Looks like resistance level is broken.
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nigwe HiTech
I'm not as experienced as you are. I follow your charts sometimes and I learn from you. I work off moving averages, stochastics and trend patterns. It seems my guess on this one was right though, at least, so far. Thanks for charts always.
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Hi, thanks for sharing the idea. I am a little concerned about the double top, absence confirmation is seems difficult to call it at this stage. I agree that resistance usually holds but I am not sure I would bet on it particularly with the general USD bearish sentiment in play at the moment. If the double top does hold the short trade may face resistance at 1.07 the previous swing low which is part of a sequence of gently improving higher lows.
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HiTech PRO SteveTobin
The dollar is still in the bullish phase that ends in two weeks from now. Then the mid/long term cycle will begin, potentially for the weak dollar.
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How do you find those cycles and what is their length, please?

It's more or less obvious that the can appear and disappear.
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this is quite complicated to explain everything it would take teaching (that I do for $) but cycles are - Fib Time Zone
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dp HiTech
Thanks, will follow your predictions :)
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of course :)
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