• First let’s talk about hourly chart analysis here. We see the landing triangle pattern created on the 2 hour Euros chart. If the breakout level exceeds the eur price, the eurusd price will drop to around 1.169.
~ Check out the 2 hour chart in the picture below -
• Now let’s talk about the weekly harmonious pattern here.
We can see that a shark pattern has been created in the weekly chart. If we follow this pattern, in a word, the eurusd price is going to fall sharply and this pattern is bearish final support level is 1.060.
• If there is a big drop in EUR price, what will happen in all other fairs?
» If the price of eurusd goes down and follows the harmonic pattern, then the pairs that are against all euros will be much stronger and the euro pair will be much weaker.
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We will be glad.
