It doesn't make much sense to analyze the monthly context, it still lacks a week at the closing candle, but we wanted you to notice the "corrective structure" in play: If you look at the impulsive leg "BC" (yellow-green), formed between 2013 and 2014, we can see that the ABC corrective structure (blue), has developed a bearish impulsive swing till 1.0425. In the second half of the year we can expect an additional ABC corrective swing with potential target around 1.18/1.22. Most likely the FED will raise interest rates in 2016 and this could support a continuation of a technical rebound on eurusd. Friday, the pair has reached the key support at 1.09, if it will maintain this area, we can expect a rebound, instead we will see a re-test of the lows.
Look at our Medium.Long Term Analysis:
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Hi Suburra, yes it's really possible!! thanks for sharing!! good support!
Brotec02
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Hi Signal Swiss is this action is valid?
Victor.Y.F
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Yes! Yes! I'm with you Sir, again! I suggest that it's a corrective structure which is lasting 89 weeks from 2015 to Mar. 2017. The inflation should rise more in this year and DXY should pull back to 88 for supporting GBP and global indexes. A FRB mini QE is going to happen. I think those targets are around 1.24 and higher because we have bigger ATR this year. I'm also supporting you for an next impulsive structure next year and the target is 0.92 and lower to 0.85. Thank you!
TheAnonymousBanker
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Hi Victor, thanks for your support!!
Victor.Y.F
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^^
LevRidge
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I think we'll see a sharp move to 1.178 by mid Aug, then the log awaited drive to parity and below.
TheAnonymousBanker
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...same idea!!!! :) but we need some confirm.... :)