We just entered a new month, and not just an ordinary month -- It's JULY!
And what's special about it? -- and its connection to EUR?
Based on 50 year chart history, JULY is EUR's favorite month to 'ascend' so to speak.
JULY seems to play an important role for the pair's price behavior. A lot of times, what comes after a correction -- is an upside reversal that falls most of the time on the month of JULY. This has happened multiple times in the past. It maybe a short term upside season, a major bullish one or an extended long continuation -- but it seems to bounce during those months.
We just concluded June, and we have entered the 'divine' month for EUR which is JULY. Based on the present price level, we have created a new base to ascend. Last friday's closing (June ending) was an indication of things to come. Going forward as we enter this month, with the last closing price -- it looks like we are heading towards the "expected" direction based on historical movements.
Of course this is not indicative of the pairs future price, but we can certainly be guided.
Just something to ponder about and an interesting way of looking at how fascinating and dynamic price behavior could be.'
The chart above is a HEXAMONTHLY (6-monthly) CHART
Spotted 1.09
TAYOR.
Safeguard capital always
And what's special about it? -- and its connection to EUR?
Based on 50 year chart history, JULY is EUR's favorite month to 'ascend' so to speak.
JULY seems to play an important role for the pair's price behavior. A lot of times, what comes after a correction -- is an upside reversal that falls most of the time on the month of JULY. This has happened multiple times in the past. It maybe a short term upside season, a major bullish one or an extended long continuation -- but it seems to bounce during those months.
We just concluded June, and we have entered the 'divine' month for EUR which is JULY. Based on the present price level, we have created a new base to ascend. Last friday's closing (June ending) was an indication of things to come. Going forward as we enter this month, with the last closing price -- it looks like we are heading towards the "expected" direction based on historical movements.
Of course this is not indicative of the pairs future price, but we can certainly be guided.
Just something to ponder about and an interesting way of looking at how fascinating and dynamic price behavior could be.'
The chart above is a HEXAMONTHLY (6-monthly) CHART
Spotted 1.09
TAYOR.
Safeguard capital always
Note
Spotted at 1.10 Ascend expected.
Trade active
Reverse on queue...Trade active
moving as planned. congrats holders.Trade active
Breakout. Congrats holders.Trade active
Weekly data update:It's time to plant your seeds now coz it will be a rosier year for EUR based on weekly metrics.
TAYOR.
tvc-invdn-com.investing.com/data/tvc_c781ace6755f0f5c39b0100658151e6d.png
Trade active
and rise it did.Trade active
Daily data update:EUR is preppin already for that +100 pip rise to 1.095.
Spotted at 1.0850.
TAYOR.
Trade active
Nice surge by EUR.Trade active
Perfect. We hit our interim goal at 1.09++This will create another new waves for that upside continuation setup again.
TAYOR.
Trade active
The recent correction just provided a good bargain entry point.Trade active
GUYS. It's JULY. You know what this means.Trade active
Current price now at 1.08Trade active
Congrats holders.300 pips from our spot at 1.09 ten days ago.
TAYOR.
Trade active
We are now at 1.12Trade active
EU has corrected healthily by tapping the 0.5 to 0.618 FIB levels.These are major order block zone where buyers converge.
Expected some good rise from this range at: 1.1080
Interim target set at 1.13.
TAYOR.
tvc-invdn-com.investing.com/data/tvc_00efbbbd692ebcd5046fab415f5289e5.png
Trade active
1.13 is inevitable for EUDisclaimer
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.
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.