I was doing some analysis on the 4 hr time frame and managed to square price and time on the daily. Following my opinion on the move down over the next few months I wanted to find some nice entries.
Now if you believe in market energy at all, throw in a little superstition, and have studied the cosmos.. watched a biology doco in your spare time and generally...
28.12.2018 @ 4:22PM
Marked out where price may in the future move too.. I dont see price breaking the 1.14858 mark and making a new high. This train of thought is influenced by the fact that the economic outlook is rather bearish on the EURO but also the fact that we are touching a downward trend-line influenced on the weekly charts. There is clear resistance...
euro is just about to break a neckline on a daily head and shoulders. Is bouncing off of the weekly trend line. euro is already not looking to great economically and the usd is doing everything they can to make export import markets as choppy as possible. Reinforcing any doubts that the euro export market has slown down.
I expecting the EURUSD to take a tumble down to around the 1.105 mark over the first quarter of the new year.. possibly not until April.. Will be watching closely for shorting opportunities over the coming months
