Dear friends, this could be a simple idea, MA cross maybe fir the first time since 09.2014, also the pattern could be A-B = C-D
Dear Traders, my analyse shows me that we still have a meeting more upside, target could be 1,17 or even 1,18 in 61.8 extension. Let's see how this idea works out. SL at .128
In my opinion the first leg has finished, we need a retrace of minimum 50, or even 618, before leg C
This pair is ranging at the moment in a triangle. We have higher lows, and support by MA50, RSI is in the middle and has enough room for up movement. I see this pair higher. The 61.8 extension could bring this pair to 1.12739. A close below 07759, would invalidate this scenario, so where i put my SL. Happy trading
After ECB meeting, huge sell off, target could be again the 1.06 area, before a new pullback to MA200
EURUSD could retest our old structure from oct 2015
DXY reached it's top, and I expect a bullish first quarter of next year for the Euro.
My idea is that we might go more down before next move up, I see a double top, RSI near overbought conditions, and a bearish differgence. The target could be the 61.6 retrace of the last big move. SL set to 1050.
RSI is overbought, Before next move up is has to tank