TP of the flag is 1.09
Former Analysis:
Several Resistance Levels ahead
Let`s see how far the brexit-consolidation will reach...interesting resistance and potential turnaround levels are the illustrated fibos @ 1.11067/1.11674/1.12280
Comment. we have reached the bottom edge of the consolidation-flags body. below 1.10 it s getting more and more dangerous
Comment. eurusd reached TP1 short 1
Comment. The RSI signs a possible corrective upmove - below 1.10 the momentum is still bearish in that timeframe
Main Analysis:
EURUSD reached Action point on the downside
Brexit broke the since december 2015 during uptrend. The deep dip was bought and catapulted the pair directly to ist 0,5 fibo - here the sellers waited again.
EURUSD-0.09% left the mentioned "neutral Zone" again - the downside is triggered. As Long as eurusd-0.09% is trading below 1.117, the Sentiment is still bearish .
2 clear Action Points
EURUSD-0.09% still is caught in the neutral Zone. Let`s wait till onbe side is triggered. The edges of the box are Action points
Former Analysis:
Several Resistance Levels ahead
Let`s see how far the brexit-consolidation will reach...interesting resistance and potential turnaround levels are the illustrated fibos @ 1.11067/1.11674/1.12280
Comment. we have reached the bottom edge of the consolidation-flags body. below 1.10 it s getting more and more dangerous
Main Analysis:
EURUSD reached Action point on the downside
EURUSD-0.09% left the mentioned "neutral Zone" again - the downside is triggered. As Long as eurusd-0.09% is trading below 1.117, the Sentiment is still bearish .
2 clear Action Points
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Illustration: trying to catch the shortterm flag-breakout:
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perhaps we have to adjust the flags Body.....for a flag, eurusd should not trade above the 61,8 fibo (maximal!!!!)
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this H&S could destroy the flag
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eur usd really is forming a shortterm bottom!! reached TP1 of the H&S yet..wow
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nearly tested breakout Level (neckline) - next upwave ahead now?
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fallback below the neckline..reached next Action Point (ultrashorttrendline)
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only Prices above 1.0985 will brighten the shortterm trend
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TP2 also reached - nice H&S-move !
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a break through the last valid "2" opens the way for the next top @ 1.1025
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Jihaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
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Trendbreak or new anticyclical buying chance?
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trend break...now eurusd is near a retest of this breakoutniveau
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visible cycles..
