Waiting for a fall towards the end of the month
Monday morning is important for Eurusd, the amplitude of the move will determine the bear bull action of the market.
RSI breakout will tell us about the direction, looking bearish but who knows :)
The idea is for all dollar pairs and gold also, dollar will gain strength after the first 10 days of August till the last day of August. In the special pattern for Euro, there is a strong tendency that it will decline between 13th and 22nd of August
There may be the start of a new up trend so must be careful with the short setups
Short under 1.1027 untill the vertical line comes.
Small corrections need to be done in order to build a strong base for the next impulse wave up. Target will be 1.1400
1,0864 can be a target for short term without a stop loss!!
The pattern drawn here is one of the many possible outcomes,so the price levels are not important but the important point is the dates indicated. Between 06.30 and 07.20 a buy setup can occur Around 08.10 a sell setup may occur Simple
We can see some kind of quick rally to the white rectangles
Some of the unseen trendlines help gold reach it's target, and the least path of resistance seems to be UP
An important low has just occurred and break above the trendline is a nice place to open long positions I believe.
0.81 is an important low point to be breached easily.