Reverse vector analysis places the EURUSD at the current situation... forecasting into the future, suggests that the EUR should be more bearish in the upcoming months, but starting next year, it should become more bullish. As this is a forecast model, I remain neutral.
Why geometry works with numbers ... well, I could show you some of the stuff I have been working on, and numbers... regardless as how random or linear they may seem, have value associated.... sort of like Karma. Guessing when your going to get your Karma, is Forex ... a fickle bitch.
The chink in this armor, is pretty straightforward... follow the trend. Guessing...
Current EURUSD seems oversold for the moment... It still can go much lower, and when you look at the WEEK chart, you pretty much deduce that this downward trend is just the beginning of a much larger move. Whether, this will be the year of 1.20 euro is debatable, but we might get to 1.28 sooner than later.
Players high, players low ... we are in the middle. Nothing happening, and given that it is Summer, we might have to wait for Fall. Channels are clear for the most part, but who know what the market wants to make out of crypto currencies.
Over all EUR seems headed for a long road up. It might also be in the middle of a long road down... Whichever case, we are in a precarious situation as this is the pivot middle in my system, meaning that anything can happen from here.