Euro Prehistoric Mode
Updated
- i am not an expert in Forex but what i see with Euro is very bad. The euro was launched on January 1, 1999, when it was worth $1.19, but then began a long slide, falling through the $1 mark in February 2000 and hitting a record low of 82.30 cents in October 2000.
- Remember this is just a TA. i don't dyor on news and FA on Forex.
- That said the main trend line show us that the situation could be more catastrophic.
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- 3 Scenarios are possible :
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1. right now we could get a consolidation at ---- $1-$0.96 ---- like we had in 2013 then Euro could bounce back around ----- $1.14-$1.15 ----
2. if we dip under this support we could back easily to 2012 price ---- $0.9 ----
3. Worst Case would be to back on the main trendline ---- $0.85 ----
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Stay safe with Forex!
Happy Tr4Ding !
- Remember this is just a TA. i don't dyor on news and FA on Forex.
- That said the main trend line show us that the situation could be more catastrophic.
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------
- 3 Scenarios are possible :
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1. right now we could get a consolidation at ---- $1-$0.96 ---- like we had in 2013 then Euro could bounce back around ----- $1.14-$1.15 ----
2. if we dip under this support we could back easily to 2012 price ---- $0.9 ----
3. Worst Case would be to back on the main trendline ---- $0.85 ----
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Stay safe with Forex!
Happy Tr4Ding !
Comment
2020 Analysis here :
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Zoom in : Comment
1€ = 1$Comment
back on track.Comment
Update (1.085) :Trade closed: target reached
Closed.Disclaimer
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