EXY: Shaky & potential H&S pattern...

...as I have already written in a couple of other trades. The EUR pretends to be strong, but many problems are not solved and won´t be solved within the next months (Turkey (Why Turkey? Who do you think bought all the Turkish bonds: European Banks), Italy… etc.). ECB will likely not change the current course (QE, interest…).

First Signals are turning on: EMA50 is ready to move below EMA200 (bulls are currently trying to avoid it but they failed last week, they might try it again in the forthcoming weeks). We have a stable downward trend since mid of 2017. A break-out which lasted only 6 months and which provided us this wonderful H&S pattern.

Bulls&Bears will fight within the next 1-3 weeks providing us with a lot of trading opportunities especially for strong majors.

This is not an investment advise this is just my personal opinion.

Ride safe guys.

Comentarios:

It seems that EUR euphoria is calming down :) Italy won´t be able to decrease it´s budget deficit (I mean we are at the end of a super cycle and Italy is still increasing it´s state debt). So what´s next? Yeah your are right! Ride safe guys…

Comentarios:

Okay... what is next. Some people speculate that on the next ECB session the ECB will announce an interest increase or a further thithening of the QE. Last may happen but the first point, hm... we will see. Not sure if we are really done yet

Comentarios:

Bottom reached. Let´s see if we gonna break the Bottom when Brussels comments on the Italian budget.