EURUSD
Mis à jour
Weekly:
As can be seen from the chart, on 08/02/21 Ichimoku generated a clear short signal (see red arrow above) which is still dominant.
From this it can be concluded that it will run in short mode for a few more weeks before the signal turns bullish.
After the EW count, we are in the black wave (iii) of the last red wave 5.
In the second week of August, wave 5 could come to an end (0.9944) triggering a pullback of around 480 points (to 1.04265).
This movement will likely extend over 9 weeks.
However, as long as price stays below 1.04265 price could drop again to complete the blue B. For this I see the target zone between 0.9775 & 0.9723.
This option would complete its low in Q1 '23 and EURUSD could finally turn bullish again.
To be on the safe side, I have added the gray arrow from 0.9704 to 0.94431, because one should not completely rule out an intentional exaggeration.
I hope you find this view useful.
Thank you for your support!
As can be seen from the chart, on 08/02/21 Ichimoku generated a clear short signal (see red arrow above) which is still dominant.
From this it can be concluded that it will run in short mode for a few more weeks before the signal turns bullish.
After the EW count, we are in the black wave (iii) of the last red wave 5.
In the second week of August, wave 5 could come to an end (0.9944) triggering a pullback of around 480 points (to 1.04265).
This movement will likely extend over 9 weeks.
However, as long as price stays below 1.04265 price could drop again to complete the blue B. For this I see the target zone between 0.9775 & 0.9723.
This option would complete its low in Q1 '23 and EURUSD could finally turn bullish again.
To be on the safe side, I have added the gray arrow from 0.9704 to 0.94431, because one should not completely rule out an intentional exaggeration.
I hope you find this view useful.
Thank you for your support!
Note
Apr 28
Note
XABCD Pattern - Trend-Based Fib Extension:1.382% points to 0.96963
1.618% leads to 0.92432
2% = 0.85098
Keep an Eye on These Fib Levels!
Note
Daily:Proper resistance is @1.0397
Weekly:
It is possible that the Tenkan Ichimoku (blue conversion line) will be reached next week.
From there, there could be a bounce down again.
Note
Note
EURUSD hit 1.382 fib (0.99025) of the red (A).Confirmation for Reversal would be a break of @1.00339 and close above it on a weekly basis.
If @0.99025 breaks the next targets are:
0.97631 & 0.97181
The worst thing for the EURUS would be if even 0.96611 is left down... then the way opens for another 900 points to the south (to approx. 0.87991 & 0.87141).
Note
I see daily reliable confirmation of the bottom when the @1.02029 price level has been breached and the price remains above it.Until then, alternatively:
The bullish wave 4 is currently running, which could even reach 0.618% of wave 3, after which the final, falling 5 should follow... that would complete the red (C).
It would be good if sustained bullish movement started with September.
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