Euro / U.S. Dollar

Levels ahead

By mortdiggiddy

Updated

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

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See this post:

EU downturn Scenario via EW and Fibs

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

snapshot

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

snapshot

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

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Trying to hold 200 Week EMA as well.

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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

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Official 200 Week EMA tag.

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