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Turning point ABCD wave appears to have been reached.
Most technical reading are indicative of a near-time decline.
Brief ranging phase could come into effects this week.
The euro corrective wave seems to have finally given us turning point which could signal we are destined to see some of the near-time downside risk realized. what's more, there are number of other technical reading similarly suggestive of a spate of losses for the recently resurgent pair. First and foremost, it is worth establishing if we have, in fact, reached the forecasted turning point in the ABCD corrective wave, well as shown below, the combination of both the 100 day EMA and the long-term trend line seems to suggest that we have reached a near-term peak for the EUR. indeed, the rather voracious selling pressure seen over the past number of sessions could reflect a wider consensus that the pair actually briefly overshot the appropriate point of inflection.
Most technical reading are indicative of a near-time decline.
Brief ranging phase could come into effects this week.
The euro corrective wave seems to have finally given us turning point which could signal we are destined to see some of the near-time downside risk realized. what's more, there are number of other technical reading similarly suggestive of a spate of losses for the recently resurgent pair. First and foremost, it is worth establishing if we have, in fact, reached the forecasted turning point in the ABCD corrective wave, well as shown below, the combination of both the 100 day EMA and the long-term trend line seems to suggest that we have reached a near-term peak for the EUR. indeed, the rather voracious selling pressure seen over the past number of sessions could reflect a wider consensus that the pair actually briefly overshot the appropriate point of inflection.
