Hello Rezo..........
I'm not affiliated nor work with them.
Eur/Usd..............
Quote:
lets look at Time/Price based on the Daily...Range 1.1373<>1.3660...the current South Reversal Low was Achieved with a test of 1.2730 basis being the 618Fib>1.2790 of the above Range...then developing the 1.3660<>1.2730 Range for which a test of the 786Fib was acheived at 1.3465 basis Topping at 1.3480 into another South Reversal to the current Eur/Usd Low of 1.2927...last Years Top and an Inversion Point in Time. A retest/break of 1.2730>618Fib of the 1.1373<>1.3660 Range would have a South decline Target to 1.2520...the 50Fib of the aforementioned Range...with the 328Fib at 1.2250 which was the Eur/Usd North advance on the Bull Run to $57 bbl in Oil.
Time/Price in the Eur/Usd has a current South Reversal Low at 1.2534...
within the 50Fib>1.2520 of the 1.1373<>1.3660 Range...Intermediate Basing now in progress as the US Dollar Index has reached a North Rally High at 86.74 basis. A South break at 1.2520<>1.25 will have a next decline South Target Zone at the 382Fib at 1.2250 basis....
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Time/Price in the Eur/Usd is consolidating the South run to the 50Fib>1.2520 of the 1.1373<>1.3660 Range with the NT38.2 Time Phib providing a current North containment Zone at 1.2606 basis...critical Support is now at 1.2520<>1.2485 for which a South break will have continued South Momentum for a revisit at the 382Fib at 1.2250 level...the US Dollar Index Bear Market will either initiate a North advance in Eur/Usd from 1.2520<>1.2485 basis ...or will be significantly weakened to the 382Fib with a North Rally from the 1.2250 level ...which Longer Term will be difficult to overcome for a significant North advance.
The USDX<>Eur/USD Bears will hibernate till 1.2520<.1.2485 or attempt a North Rally at 1.2250 basis.