Euro views

posted by genuinelyFX at 03/31/2015 - 19:59 GMT

This is what we expect next, into 1.0650 area. Around two thirds from the whole move up.

EURUSD H4 chart


This is the map since beginning of March, which predicted the bottom, the big spike, the distribution top and middle wave (it’s been adjusted a few bars lately accounting for the top, otherwise the time of the bottom and the spike would have been right on the spot). This is a classic market repeats itself, barely four months apart. We should see how much we should stay on this map and IF we touch the low again. There is reason to reverse up without touching it.

EURUSD hourly data


Again, here is a map, this time a year ago. The distribution top took more and it’s a bit skewed, but it holds the action very well.

EURUSD hourly data