Bullish trend to new maximum or just a big correction to search a new min below 0.95? Both scenarios are possible and entire depend on FED's and BCE monetary policy. COT shows more long than short for non comercials.
Nota
Looks great, better than expected. closing august above the july monthly candle low should now be really posible. The next important level would be closing at least with a daily candle above 1.1065 to confirm continuing bull run up to 1.1340
Nota
It's still valid, but it doesn't look good anymore. It is quite likely that this bull run is over if it hits the pnr 1.0635
Nota
Against all odds, this analysis is still valid and the US CPI was not enough to break the PNR line. ECB rates tomorrow. We'll see what happens
Nota
Definitely not a flat 3-3-5 continuous correction but there is still a small chance for bulls. Stay tuned for the next Idea to be published soon
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.