As expected the euro moved again toward the downside and came only 2 pips short of reaching our first target at 1.1031. Whether or not this decline is complete, it’s probably time to prepare for a short-term bullish reversal.
Month: February 2020
My sincerest apologies for the lack of analysis and publication during the month of January. It has been an extremely difficult time for me as I had to take care of many personal and familial issues that kept me away from doing anything else. Of …
The market has been in a sideways consolidation (with a slight downwards bias) over the past week.
This fits nicely with my current main view, which sees the euro rallying in a minor-degree impulsive, where the past week saw its fourth-wave correction. This is very useful because now I can present an objective confirmation point, as well as tighter targets.