The Euro/USD pair was in an irregular flat pattern from 25 October to 7 November. A third (C) wave of that pattern is always impulsive. Market usually rapidly reverses after irregular flats. So I think that euro is going to grow in next 16-24 weeks (weekly cycle of USD). Another indicator of a coming bullish trend is sentiment. As I wrote in the previous post there were 98% of bears on 9 November.
I think we will see euro/usd above 1.4 next year.
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