November should end on a positive note, but after a correction (wave 4), December should surpass the November high. Goals are: 1.04266 1.05570 1.07315 - 1.07451.
Komentarz
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If EURUSD falls below 1.0320 and closes below it on a daily basis, wave 4 is in progress which can correct 0.38% or 0.5% from wave 3. December gets higher than November and January gets higher than December, followed by a stronger correction. Here FOREX Indication
Komentarz
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So far so good.
Komentarz
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As can be seen from the chart, I have plotted all weekly closes since September 23rd with a red dashed line and have concluded that next week's close should be above this week's close (approx. @1.06020) . But if 1.0796 is not broken to the upside at the weekly close, there is a strong possibility of a turn lower.
Hi there! I agree with your long idea for EURUSD. Great analysis! Please check out my idea here:
NeverNO
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@DogeStonks, Next week has to form the weekly low first but after that the first target on the upside is 1.04266. So your arrow fits.
The_Watch_Dog_M
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High possibility of reaching parity this week
NeverNO
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@The_Watch_Dog_M, Anything USD related will form a lower low next week. USDCAD USDJPY USDCHF DXY / US$ etc. Wait, because wave 3 is not finished yet. This is followed by waves 4 and 5. This bearish move will come to an end in December.
The_Watch_Dog_M
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@NeverNO , So analysis suggests the market is still bearish for now?
NeverNO
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@The_Watch_Dog_M, Broadly speaking, next year EURUSD will fall below this year's low. Until then, there needs to be some recovery.