EURUSD still has a very bearish structure

FX:EURUSD   欧元/美元

Technically speaking the EURUSD is severely under pressure to go any higher (see negative deviation bewteen MACD and price shown). And to be quite honest for it to be in any confirmed decisive impulsive move upwards, it needs to have a daily close above the August 2015 high of 1.16947. This is the scale of the bearishness of this pair that we have taken an interest in. On the other hand in terms of fundamentals, the protectionism philosophy that we are seeing taking grip of nations around the world today is really cause for concern in so many ways and we might be seeing a return of the 1-to-1 correlation between Gold and the Euro that was well established about 12 years ago. So I guess we just have to wait and see. As soon as 1.0520 zone is taken out on the daily, we might see a total eradication in value of the euro against the US dollar to pairity. However my analyses shows that EURUSD has not yet finished tracing out the full corrective picture on the daily. I expect a 5-3-5 corrective structure to develop on the daily. We have finished the first 5 and we might be in the second 3 wave a-b-c structure where current forceful down candle might only be a wave b of the 3-wave structure upwards. If the last 5-wave move down occurs and takes us past 1.0520 then the 5-wave move can be seen as a wave 3 of a larger wave 1 impulse down and changes the whole wave count thereby pointing decisively to pairity of the euro against the dollar.
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
HE עברית
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
概述 个人资料设置 账号和账单 我的客服工单 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出