Euro / U.S. Dollar

Updated

Levels ahead

I'm counting an impulse wave down from the top several weeks ago.

Note

See this post:

EU downturn Scenario via EW and Fibs

Note

Forgot to add that the Year VWAP STDEV 1 Previous Close, 78.6% retracement, also coincides with a very important month close level.

snapshot

Note

Here is that month close level show. It was the lowest monthly close for several years afterward, and over a year before.

snapshot

Note

Thanks to user/mod euromotives for referenced idea, fibonnaci is not my forte and I gave up wave counting long ago.

Note

Trying to hold 200 Week EMA as well.

snapshot

Note

Most currencies against the dollar have a bounce starting in mid-May, according to the 20 year seasonality:

charts.equityclock.com/euro-forex-fxeur-seasonal-chart

Note

Official 200 Week EMA tag.

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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Find the edge.

Website: daily-edge.com
Twitter: twitter.com/dailyEdgeGroup
Youtube: youtube.com/c/TheDailyEdgeTradingGroup
Telegram: t.me/mortdiggiddy
Paypal: paypal.me/mortdiggiddy

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.