EUR-USD / lONG TERM REVERSAL
It is very likely that we will have an LT rollover on the 1.248-1.2540 level today or tomorrow.
We should enter a downward wave on the EUR and up on the USD. Many indicators militate for this scenario (contrary to what I thought yesterday).
The waves 1 and 2 of bearish reversal on the euro are often weak and contradictory. They take time and mislead us. We should witness today a final upward push before a devastating decline tomorrow or next week. I would not be surprised if we are below 1.20 on the eurusd in the next two weeks.
We should enter a downward wave on the EUR and up on the USD. Many indicators militate for this scenario (contrary to what I thought yesterday).
The waves 1 and 2 of bearish reversal on the euro are often weak and contradictory. They take time and mislead us. We should witness today a final upward push before a devastating decline tomorrow or next week. I would not be surprised if we are below 1.20 on the eurusd in the next two weeks.
Nota
The forecast I made on April 19 is close to the current scenario. I do not see a big bullish correction on the euro. On the other hand, the increase of the volatility militates for a return of the eurusd towards 1.0000 by the end of the year. See below.Economic fundamentals go in this direction too.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.