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.
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