Currently, the euro rose very fast, but that has nothing to say. We are now approaching an important date for a reaction.
I don't see a reason for pessimism and some upward space. But the last rally was maybe to big to continu. First we need to wait for a confirmation. Stay alert, because the Euro could turn.
Key times are: 8 and 22 October and then around mid November.(18th).
If the market confirm a correction than i think till 1.34 / 1.32. It is important what other markets doing, like gold, interest, and stockmarkets.
This would include:
I don't see a reason for pessimism and some upward space. But the last rally was maybe to big to continu. First we need to wait for a confirmation. Stay alert, because the Euro could turn.
Key times are: 8 and 22 October and then around mid November.(18th).
If the market confirm a correction than i think till 1.34 / 1.32. It is important what other markets doing, like gold, interest, and stockmarkets.
This would include:
Short form October 8 to October 22 (1.32 to 1.34)
Long from October 22 to November 18 (1.45 to 1.46)
Let the market speak and follow it. Be prepare for a reaction, but stay alert, because there is a little bit upside space left.
Below you see the chart of the Euro. I have drawn the most likely path.
Long from October 22 to November 18 (1.45 to 1.46)
Let the market speak and follow it. Be prepare for a reaction, but stay alert, because there is a little bit upside space left.
Below you see the chart of the Euro. I have drawn the most likely path.
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