EUR/USD finally Bull? Possible 350 pips.
Technicals
* Wave 1 and 2 were established with wave 2 as a flat. Im expecting a swift thrust to wave 3, minimum target is the 1.618 extension of waves 1 vs. 3.
Fundamentals:
* With a very positive NFP report the other day, i did not see the bullish momentum needed for another push down for eur.
*Trump imposed very harsh tariffs on the EU, Canada, and Mexico and they have openly said how and when they will retaliate. With a possible trade war with the entire world now and a weak NFP response to really good news.. I believe this coming week will be the fall of the USD.
* Wave 1 and 2 were established with wave 2 as a flat. Im expecting a swift thrust to wave 3, minimum target is the 1.618 extension of waves 1 vs. 3.
Fundamentals:
* With a very positive NFP report the other day, i did not see the bullish momentum needed for another push down for eur.
*Trump imposed very harsh tariffs on the EU, Canada, and Mexico and they have openly said how and when they will retaliate. With a possible trade war with the entire world now and a weak NFP response to really good news.. I believe this coming week will be the fall of the USD.