Euro on the edge...
The breakdown keeps rolling in. April candle is likely (1 day left) to close below that minor trendline on monthly that we broke.
Rejection candles on daily indicate the daily trend breakout failed. If price makes another push it will be to the upper side of quarterly opening range from where we should see a bearish push anyway due to bullish weakness. In fact, the major breakdown took place in 2014 and it sends price to 0.85, we are still working it out...
In May we should see some serious bearish action.
For educational purposes only.
Top Absolute Correlation 1 day
1 EURUSD - USDCHF -97.6%
2 EURUSD - USDPLN -93.7%
3 EURUSD - USDSEK -91.6%
4 EURUSD - USDHUF -87.3%
5 EURUSD - USDMXN -84.6%
6 EURUSD - USDCNH -83.3%
7 EURUSD - USDSGD -83.2%
8 EURUSD - EURPLN -82.1%
9 EURUSD - NZDUSD 80.2%
10 EURUSD - USDNOK -78.2%
Rejection candles on daily indicate the daily trend breakout failed. If price makes another push it will be to the upper side of quarterly opening range from where we should see a bearish push anyway due to bullish weakness. In fact, the major breakdown took place in 2014 and it sends price to 0.85, we are still working it out...
In May we should see some serious bearish action.
For educational purposes only.
Top Absolute Correlation 1 day
1 EURUSD - USDCHF -97.6%
2 EURUSD - USDPLN -93.7%
3 EURUSD - USDSEK -91.6%
4 EURUSD - USDHUF -87.3%
5 EURUSD - USDMXN -84.6%
6 EURUSD - USDCNH -83.3%
7 EURUSD - USDSGD -83.2%
8 EURUSD - EURPLN -82.1%
9 EURUSD - NZDUSD 80.2%
10 EURUSD - USDNOK -78.2%
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