Week Reveiw - EURUSD - Leaning Short - Still in Range
EURUSD - Continues to consolidate with triangle after triangle bring us closer to some decision. I lean towards the sell side from the 1.1220/60 area. On the down side the 200DMA around 1.1080 should be point 1, with 1./10 even below. The 100DMA on the topside at 1.1225 fits into the cloud and downtrend line very nicely.
On external cycle work, have a SELL turn date of August 16 this coincides with our count as a possible buy date in the DXY/#USDX ... this cycle takes us for a month and we then look to BUY on September 16. Predicting the future is not possible of course but cycles are helpful with our work.
On external cycle work, have a SELL turn date of August 16 this coincides with our count as a possible buy date in the DXY/#USDX ... this cycle takes us for a month and we then look to BUY on September 16. Predicting the future is not possible of course but cycles are helpful with our work.
