Eurozone Unravelling
So in case anyone was not aware, back in Nov 2016 EURUSD had a massive breakdown of a nearly two year long funnel. To make the situation worse, the bottom of that funnel extends back to 1895..
In the last month or so, we have seen a small recovery in price as the Euro has come back to test the bottom of that trend line through a slow grind higher. On 01/27/2017 we had a touch of the bottom of that trend line followed by a swift sell-off at the exact same time DXY has broken out to the upside side of it's funnel. These coincidences are both telling and can't be ignored. I expect EURUSD to begin a large slide imminently as the situation in the Eurozone deteriorates.
In the last month or so, we have seen a small recovery in price as the Euro has come back to test the bottom of that trend line through a slow grind higher. On 01/27/2017 we had a touch of the bottom of that trend line followed by a swift sell-off at the exact same time DXY has broken out to the upside side of it's funnel. These coincidences are both telling and can't be ignored. I expect EURUSD to begin a large slide imminently as the situation in the Eurozone deteriorates.
Nota
Here is a closer look at the channel break that extends back to 1985 Nota
EDIT: 1985, not 1895Nota
This should start to accelerate and get reallly ugly. Do not be an owner of the Euro...
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.