Long Term Bulls Euro Measure move up 1.264

18 thg 11, 2017

1. After all the apocalypse Euro collapse, the Euro is holding 1.05. The worst is over. Look at the left side of the chart,1.05 is a important mark, because it is the worst of its worst since the crisis start from 2008 financial crisis. Every rally is an opportunity to short for the bears. Bulls will sell, because every rally is a counter trend rally.

2. Look at the chart, at the left, the Euro is in Trading Range from 2015-03-09. (The worst of its worst). The Bulls are betting the crisis are over. And it is oversold for almost 7 years since 2008 financial crises. Bulls are betting on Major Trend Reversal up. The Bears are in a short squeeze.

3. Euro is on its way up because of the measure move up to 1.264. It is no stopping from 1.26 up.

4. The bears are betting on Head and Shoulder patterns. It is misleading the Bears. If you look at the weekly, the picture is crystal clear. It is a trading range break. The trading range is testing the previous support area and test 21 EMA weekly. It is a 2 leg correction pullback for eyes of the bulls. The Bulls are buying back massively.Euro has a tease break from testing the Box from 1.16. It traps a lot of bear trader, betting against Euro.