EURUSD / TREND REVERSAL AREA
This is my third prediction for this currency pair. Unlike the previous two, which did not materialize, I hope that this idea will be successful.
I believe that the monthly correction that started on July 18, 2023. at 1.12757 level, it will finish or end now around 1.067-1.068 levels.
Of course, it is possible to attempt a false breakout. If there is one, the possible most acceptable values for potential new lows are 1.0650 or 1.0570.
I believe that the monthly correction that started on July 18, 2023. at 1.12757 level, it will finish or end now around 1.067-1.068 levels.
Of course, it is possible to attempt a false breakout. If there is one, the possible most acceptable values for potential new lows are 1.0650 or 1.0570.
Note
It's a weekly frame view!Trade active
In general, it seems that on the daily and weekly chart after the end of the First Bullish impulse with a top of 07/17/2023, the price as a Second impulse forms a Bearish ABC pattern. As the Last Third part of it starts on 25.09 at the peak of 12.142. As the most attractive areas for its End, we can define the following Levels:
1.060; 1.040; 1.020; 0.9980.
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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.