EUR/USD long term outlook and strategy

[PipMeHappy]

@PipMeHappy

Hello Traders,

looking back on the projection for the next big EUR/USD move, I created a new graphic/chart to show how the 1.22, or,

in this case, 1.21 (but we could say a range between the two), could be reached next:

What can you see here?

The middle (red) horizontal line is the 1.36(xx) level, which is Resistance for this month’s candle;

the high (blue) horizontal line is the 1.51(xx) level;

the low (blue) horizontal line is the 1.21(xx) level.

The 1.51 is the middle point or apex of a triangle made of five (or near-five) year cycles:

Ascending phase:

1. 1998 - 2005: from 1.21 to 1.36;
2. 2005 - 2009: from 1.36 to 1.51;

Descending phase:

1. 2009 - 2014: from 1.51 to 1.36;
   2) 2014 - 2019: from 1.36 to 1.21.

The last cycle is highlighted in red as it is a projection, based on a continuation of five-year cycles, marked on the chart as vertical broken (red) lines.

Each cycle consists approximately of a 1,500 pip move, hence the projection of 1.21(xx) as the next target from 1.36(xx).
.

Cheers.

Hello traders!

To summarise, this is the late-September 2014 update:

1. we are around the 1.27 area;

2. the previous projections are for 1.21- 1.22 to be reached either at/around/by Nov. 2015 OR

3. … by 2019 either as a returning level or as the ultimate target to complete a four-year cycle.

Given that we are more than a year from the first target (shown in the video on page 1 of this thread),

five/six hundred pips may not require as long a period as that; however, we may also bear in mind

that price moves in curves, not in straight lines, and that we may reach the 1.21 - 1.22 area in waves,

possibly ebbing below it before time.

The future is indeed what we project, but may well surprise.

Happy trading.