After an exciting start of the week, we have had a painfully dull two days. I knew there would be a counter trend but didn't think it would go all the way to 0.618 retracement, nor did I think it would take this long.
At this point it looks like EU won't fall this week, it will probably rise up to either of the ...
A lot of EU bulls think this is it, but it's not. I think price will continue to drop all week. Yes there will be some pullback, but if you scroll out to the weekly chart, you will see this will be a decently sized red candle come Friday close.
Get ready for another drop hopefully tomorrow. Careful though, price ...
EURUSD will rise above 1.13460, however I think it will rise to 1.13800 maximum.
You will see probably a double top pattern.
Price will fall to 1.10950.
Price will rise back up to a previous high of 1.14260
Some of you will see a pepperoni pizza slice, others will see price action, but who will see the fan before it's actually printed?
The market will always try to distract you from seeing what is really happening until it's too late.
Based on my new price level strategy, there are two options.
1. Price continues down to 1.093.
2. Price rebounds back up to 1.145 then falls to 1.093.
Once price hits 1.093, price begins a new Long trend to 1.215.