EUR where are you going

Kashmaster 2018-08-09 23:07:54 UTC #1

Good evening,
normaly long term moves do not affect my daily trading decissions and day or month charts studying is not scheduled, but i realy wonder what will happen to EUR/USD next days and if EUR could fall back to areas of march/may/june 2017.Looking at the daily chart i have the impression there could occure a kind of "head-shoulder formation, and if EUR still weakens he will fall sharply through the neckline back to areas of 2017 march/may/june
Well, i am not a chartist so far and i say thank you for each hint, but this scenario is not so unrealistic,isn t ?

Kashmaster 2018-08-10 07:29:59 UTC #2

He,He..i was right at least untill now....

Manxx 2018-08-10 07:34:14 UTC #3

I like your timing!

4H/1H were already short yesterday but i didn't expect such a rewarding continuation so soon!

Kashmaster 2018-08-10 08:05:28 UTC #4

if US CPI this afternoon exceeds expectations (positive) we will reach this target-zone sooner than expected..

hafidfx 2018-08-10 14:01:14 UTC #5

after 20 points fall it has to start raising, obviously:grimacing:

Kashmaster 2018-08-10 17:28:53 UTC #6

Thats right, after such a fall which is not really based on negative EUR Zone news a pullback will happen, especially in times of "tradewar actions against USD", i guess.But also the weekly chart with some , i would say very "customized drawn Fibs" shows that a big correction may happen-one fib after the other was broken, the next approaching

fxstrategist 2018-08-13 01:35:51 UTC #7

The Euro may just continue falling. A pullback or correction is possible due to the oversold nature of the currency, but for now the drop may continue to the 1.1300 level.

oliver1007 2018-08-13 07:06:10 UTC #8

No..I disagree with you..EUR/USD now start to rise.

Angle1 2018-08-13 20:40:10 UTC #9

Waiting 1.1366 again to go long