EURUSD remained solid against the Dollar unlike other majors (GBPUSD, AUDUSD, NZDUSD.. )
As ECB meeting approaches, here are several harmonic scenario to monitor:
Tomer, The MarketZone
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As ECB meeting approaches, here are several harmonic scenario to monitor:
- Bearish AB=CD pattern - Completion near 1.13 - Will become valid if $EURUSD will break above the 200 SMA line
- Bullish Gartley pattern - Aggressive C sell scenario - Valid as long as price remains below 1.1 - Sell 1.09 and target Gartley completion near 1.06 (blue pattern).
- Bullish Crab pattern - For the extreme bears among you - Sell 1.09-1.1 and target 1.05 and 1.02, pattern completion (green pattern).
Tomer, The MarketZone
This analysis is part of the Weekly Markets Analysis newsletters
To read more interesting technical reviews for the week goo.gl/gg59or
To subscribe to the newsletters - goo.gl/HXjCPV
Follow my blog - goo.gl/78KZsl
Subscribe to my Youtube channel - goo.gl/q8dbyT