The Euro vs US Dollar (noise reduced)
Just insane how PnF “fits” with cycles (when they decide too!). Major cycle bottoms are pin point.
So eurusd major cycle bottom could be in already.. and now we are “living” a scare… If the arc breaks to the downside… then.. back to drawing board!
So here is an imagined scenario where we would have two cycle highs…
Edit: adding scenario where this rockets to a single major cycle high. Added the ascending channel boundaries to help forward guidance.
Seems to fit less in current arc morphology.
It’s below a declining 30WMA? It just went through the declining 50 DMA 1.093. See what happens @1.076?
IMO the CB’s will try to put a floor under the EURUSD. If you read monetary policy of all the major countries from the 1930’s it’s amazing. Some great comparisons could be made IMO
Stage 4 slowing down on weekly chart for eurusd.. possibly entering Stage 1 base/consolidation. I would love to read up on that… do you have some links to get me started?
Start with Wikipedia “Great Depression “ and go from there……..